Stanbic IBTC Pension Managers Limited understands that good corporate governance is fundamental to earning the trust of our stakeholders, which is critical to sustaining the organisation's success and preserving shareholder value. In line with this philosophy, the board is committed to adopting sound governance practices.
The company’s governance framework enables the board to fulfil its role of providing oversight and strategic counsel in balance with its responsibility to ensure conformance with regulatory requirements and acceptable risk tolerance parameters.
Codes and Regulations
Compliance with all applicable legislation, regulations, standards and codes is an essential characteristic of organizational culture. The Board monitors compliance with these by means of management reports, which include information on any significant interaction with key stakeholders including the group’s various regulators.
Compliance with PenCom’s Code of Corporate Governance
As a licensed pension fund administrator, Stanbic IBTC Pension Managers Limited confirms that throughout the year ended 31 December 2019, the Company has complied with the principles set out in PenCom’s Code of Corporate Governance which has now been replaced by the PenCom’s Circular on Corporate Governance.
The Company applies the Code’s principles of transparency, integrity and accountability through its own behavior, corporate governance best practice and by adopting, as appropriate and proportionate for a company of its size and nature. The policies and procedures adopted by the Board and applicable to the Company’s businesses are documented in mandates, which also set out the roles and delegated authorities applying to the Board, Board Committees, and the Executive Committee.