Page 64 - RFHL ANNUAL REPORT 2024_ONLINE

62 Corporate Governance Practices continued

Director independence
The majority of the Directors are independent. The Board The Non-Executive Directors on this Board as well as on
reviews the criteria to be considered in determining whether a the subsidiary Boards reflect a diverse cross-section of the
Director is independent, both in character and judgment, and professional and business community and are highly respected,
in line with principles of governing legislation and corporate independent individuals with significant experience in their
governance. In addition, the Board considers independence respective fields. The table on page 63 illustrates the skill set of
within its Conflict-of-Interest policy and in this regard, may the Board of Republic Financial Holdings Limited within the
consider any direct or indirect relationship that a Director current skills matrix.
has within the Group that may be likely to interfere with the
exercise of independent, unbiased judgment.
Director induction

This balance between Independent Non-Executive Directors Directors appointed to the Board of Republic Financial
and Executive Directors throughout the Group ensures that Holdings Limited enjoy an extensive orientation and induction
the Board as well as other subsidiary boards are able to programme to ensure they become well acquainted with
exercise independent judgment with sufficient management the organisation and all key issues affecting the Group. The
information to enable proper and objective assessment of objective of induction is to provide a new Director with the
issues facing the Group. The following presents the current information that he or she will need to become as effective
composition of the Board of Republic Financial Holdings as possible in their role within the shortest practicable time.
Limited and reflects its ratio of Independent Directors. Orientation meetings are held both formally and informally
with other Board members, the Group’s key executives and
Director Independent Not Independent functional heads, as well as the Board’s subcommittee
Chairpersons. Senior Management also presents on the
Vincent A. Pereira Group’s strategic plans, its significant financial, accounting
Nigel M. Baptiste and risk management policies and issues, its compliance
Ian L. Benjamin programmes, and other matters of importance to the Group.
Dawn V. Callender From the induction process, information is received on
Mark Loquan any particular interest that the new Director holds, which
(w.e.f. 11.12.2023) enhances the Director life cycle and aids in providing further
Shameer R. Mohammed training or other opportunities for the Director. Board mentors
Jason K. Mootoo have also been introduced for new members. This particular
(w.e.f. 11.12.2023) function is managed by the Corporate Secretary.
Shameer R. Mohammed
Michael A. Noel
Robert B. Riley
Colin A. Soo Ping Chow
Waltnel X. Sosa
Kristine G. Thompson
Peter R. Inglefield
(retired 12.12.2023)
Alison G. Lewis
(retired 04.11.2023)
Gregory I. Thomson
(retired 04.11.2023)

The Board considers that the quality, skills and experience of its
Directors enhance the Board’s effectiveness, and the core set
of skills and experience identified effectively provide the Group
with the appropriate leadership and guidance, necessary to
tackle the risks and opportunities facing the Group.