Governance
The Platcorp Board is committed to ensuring the highest standards of corporate governance across the Group. To this end, Platcorp subscribes to international corporate governance principles such as the G20/OECD Principles of Corporate Governance and the BIS Guidelines on Corporate Governance for Banks as well as other country specific guidelines where necessary. These principles are embedded in the fibre of the Group’s operations to foster an environment of trust, transparency and accountability necessary for securing long-term investment, financial stability and business integrity. Strong and effective corporate governance is the foundation of our broader corporate Sustainability agenda.
Governance Structure
Constitutional Documents
PHL is governed by a Constitution that defines the Company’s purpose, mission and objectives. Other constitutive documents include the PHL Shareholders Agreement and the Board Charter which define the internal administrative regulations and sets out the manner of achieving business objectives.
The Board of Directors
The PHL Group has a governance structure that specifies the rights and responsibilities among different stakeholders and spells out rules and procedures for decision making.
At the top of the Governance structure is the PHL Board which comprises of executive, non-executive and independent directors all with varying competencies and skills that ensure diversity.
Each of the PHL subsidiaries have a separate and autonomous board of directors.
Board Committees
The PHL Board has established three main group committees that assist the board in the governance of the group through monitoring, reporting on and providing advise on various aspects of the business. The three committees are; Human Resources & Remuneration Committee, Finance & Strategy Committee and the Board Audit & Risk Committee.
Policies
The PHL Board, through the various board committees, has several policies in place that govern the processes across the organization and help to cultivate a sense of uniformity for all stakeholders. These policies have been designed with the aim of streamlining the internal processes, guiding decision-making, ensuring full compliance with relevant laws, upholding the company ethics and ensuring the company values are aligned.
Our policies include, but are not limited to, the following
Platcorp Group Environmental and Social Policy
Platcorp Group Corporate Social Responsibility Policy
Anti-Money Laundering & Combatting the Financing of Terrorism Policy