Page 66 - RFHL ANNUAL REPORT 2024_ONLINE

64 Corporate Governance Practices continued

The Board of Directors has also delegated authority to the Focus areas of the Board for fiscal year
following Board Committees:- 2023-2024
• Audit Committee The Board’s focus for the fiscal year 2023-2024 is embodied
• Enterprise Risk Committee within its Declaration of Purpose: We Value People, We Serve
• Governance and Nomination Committee with Heart; We are deeply Committed to Your Success. We
Care.

Director tenure The Board’s strategic vision is aligned to Connect, Innovate,
Non-Executive Directors retire from the Board after serving Excel and Grow. Experiences of the global pandemic for
for a maximum of 15 years or on becoming 70 years of approximately two years have undoubtedly influenced
age whichever first occurs. However, the Board may in its the focus of the Group to design a robust plan to navigate
discretion consider the exigencies of a particular situation. uncertainties in a dynamic and resilient way. The Board’s focus
Executive Directors retire in accordance with the Bank’s usual has been to maintain the growth, strength and success of the
retirement policy. organisation with its Declaration of Purpose always guiding at
the fore.
Republic Financial Holdings Limited scheduled ten meetings
within the period October 2023 to September 2024, and the
attendance record of each Director is detailed in the table Enriching our stakeholder relationships
below:- Arising naturally from its Declaration of Purpose, Republic
Financial Holdings Limited as a corporate citizen has had at
Directors Board 7 Meetings the fore, the interest of its employees, customers, shareholders
Special Board 3 Meetings and the communities it serves. In placing the highest value
on its stakeholder relationships, the Group has promoted the
Directors Attendance Eligible to Attend safety of these groups as its top priority and have been actively
soliciting feedback and communication via formal and
Nigel M. Baptiste 9 10 informal channels throughout the Group on its stakeholders’
Ian L. Benjamin 10 10 evolving needs and concerns, to which the Board has been
Dawn V. Callender 10 10 receptive and responsive.
Peter R. Inglefield 2 2
(retired 12.12.2023)
Alison G. Lewis 1 1 Audit committee
(retired 04.11.2023) This committee meets quarterly to review the Group’s financial
Mark Loquan 1 8 statements, the system of internal control throughout the
(w.e.f. 11.12.2023) Group, management of financial risks, the Group audit process,
Shameer R. Mohammed 10 10 the Group’s process for monitoring compliance with laws and
Jason K. Mootoo 8 8 regulations and its own code of business. Five meetings were
(w.e.f. 11.12.2023) held this fiscal, and the attendance of committee members
Michael A. Noel 9 10 is detailed below. The committee comprises a majority of
Vincent A. Pereira 10 10 Independent Directors and is chaired by an Independent
Robert B. Riley 10 10 Director:-
Colin A. Soo Ping Chow 10 10
Waltnel X. Sosa 9 10 Directors Attendance
Kristine G. Thompson 10 10
Gregory I. Thomson 0 1 Colin A. Soo Ping Chow, Chairman 5
(retired 04.11.2023) (appointed Chairman w.e.f. 12.01.2023)
(appointed 05.01.2023)
Dawn V. Callender 5
Mark Loquan 1
(appointed w.e.f. 01.02.2024)
Shameer R. Mohammed 5