Page 82 - RFHL ANNUAL REPORT 2025 ONLINE_NEW

80 • Republic Financial Holdings Limited 2025 Annual Report • SUSTAINABILITY

Corporate Governance Practices

Director Training and Evaluation Disclosure Practices of Republic Financial
The international environment and legislative and regulatory Holdings Limited
demands remain increasingly complex and challenging Republic Financial Holdings Limited in alignment with
causing us to constantly review our systems and make use of its stated governance principles, continues to uphold
technology to ensure that compliance is robust with minimal transparency in reporting and disclosures to ensure its
negative impact on our legitimate customers. In this context, stakeholders are informed of all pertinent information relevant
the Group recognises its responsibility to continue to source to their respective interests. The organisation’s philosophy
training programmes for Directors that will enhance Directors’ on making timely and balanced disclosures does not only
knowledge and improve effectiveness. encompass those disclosures required by law or regulation,
but also extends to those that are assessed on a materiality
In light of this, the focus of Board training continues to be basis and that are generally of interest to the stakeholders of
on cybersecurity strategy and implementation as well as Republic Financial Holdings Limited.
comprehensive insights on Artificial Intelligence and its impact
on business environments. The Board of Republic Financial Further, the Board of Directors of Republic Financial Holdings
Holdings Limited remains committed to a philosophy of Limited reviews and approves all substantial or material
continuous learning and advancement, to provide relevant and reporting encompassed within its annual report.
meaningful direction to the organisation and as customary,
the Directors also participated in the Anti-money Laundering
(AML) training. The annual Health and Safety training was Enterprise Risk Management
conducted in-house. Republic Financial Holdings Limited is committed
to maintaining a robust enterprise risk management
Individual Director evaluation and Board self-assessments framework to ensure that it understands and monitors its risk
were conducted by Sodali & Co., in alignment with our good environment and takes proactive measures to manage risk
Corporate Governance practices and as an independent within acceptable levels consistent with its risk appetite. To
review process to ensure the maintenance of superior Board this end, Republic Financial Holdings Limited has defined
performance and dynamics. The Board of Republic Financial its risk management goals and objectives and supporting
Holdings Limited also attended a session this fiscal on Board principles to effectively embed risk management throughout
Dynamics which was moderated by senior consultants of the Group into its strategic decisions and day-to-day business
the Boston Consulting Group, a leading governance firm on activities. Republic Financial Holdings Limited continues to
the global scale. This session was tailored to ensure that the deploy comprehensive enterprise risk management strategies
Board continues to foster good professional relationships and applies a thorough approach in scanning and being
via collaboration and shared perspectives to serve the best sensitive to all relevant environments.
interests of all its stakeholders.
The Board has overall accountability for the Group’s enterprise
risk profile. They approve and enforce the risk management
The Group’s Governance framework, inclusive of the overall risk appetite and the
We continue with the Group’s expansion over the years, with Group’s philosophy on risk taking.
efforts to ensure that governance standards and controls
are being uniformly applied and strengthened as needed. The Group Chief Risk Officer (CRO) has been appointed with
Group-wide collaboration via several fora continues to be responsibility for ensuring consistent application of the risk
prioritised to ensure consistently high governance standards management framework across the Group and monitoring
are implemented and prioritised throughout the Group. how effectively risk is being managed. The CRO reports to the
In addition to governance practices mandated by law and Enterprise Risk Committee of the Board.
regulation, the RFHL Group is attentive to the international
landscape and how emerging governance trends can
augment and enhance its governance standards.