FBD Group FBD Group FBD Group FBD Group

Corporate Governance

The Board of Directors at FBD is committed to the highest standards of corporate governance.

The Board of Directors and its role

The Group is managed by the Board of Directors. The primary role of the Board is to provide leadership and strategic direction while maintaining effective control over the activities of the Group.

The Board has approved a Corporate Governance Framework setting out its role and responsibilities. This is reviewed annually as part of the Board’s evaluation of its performance and governance arrangements. The Framework includes a formal schedule of matters reserved to the Board for its consideration and decision, which includes:

This schedule ensures that the skills, expertise and experience of the Directors are harnessed to best effect and ensures that any major opportunities or challenges for the Group come before the Board for consideration and decision. Other specific responsibilities of the Board are delegated to Board appointed Committees.

Board Committees

The Board has established four Committees to assist it in the execution of its responsibilities. Each of the Committees has written terms of reference which were approved by the Board and set out the Committees’ powers, responsibilities and obligations.

Audit Committee
Terms of Reference

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Risk Committee
Terms of Reference

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Nomination Committee
Terms of Reference

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Remuneration Committee
Terms of Reference

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