Opportunities Our Approach • Operating within a highly regulated industry with a well-defined and structured corporate governance framework in place to support the Board’s aim of achieving long-term sustainable value as well as fostering a culture that values ethical behaviour and integrity to always safeguard the interests of shareholders and other stakeholders. • The framework is strengthen by effective controls and together with Management, the Board spearheads the execution of robust strategies bolstered by strong governance and sound financial practices. • Maintaining a comprehensive framework of policies, methodologies, tools and processes that support ethical governance and conduct. • Establishing strong systems to prevent bribery and corruption, supported by our Group Anti-Bribery and Corruption Policy (GABCP). • Upskilling our employees with governance and ethics-related training programmes. • Regularly evaluating the effectiveness of our corruption risk management processes. Risks • Failure to uphold our ethical values and standards could lead to an erosion of trust amongst our customers, investors and the general public. • Any instances of non-compliance may result in significant fines or penalties. • Conflicts of interest or ethical challenges may arise from the tension between our ethical standards and business objectives. Good Governance and Conduct GGC Why It Is Important Promoting integrity and good governance builds stakeholder trust, mitigates legal and financial risks, and enhances our reputation, driving long-term sustainability and improved operational performance. • Maintaining a rigorous approach to governance and conduct that sets us apart as a responsible and sustainable organisation. Link to: Capitals FC SR EM GR IV Our Key Stakeholders VBC Strategic Focus Areas UNSDGs: 55 w w w . b a n k i s l a m. c o m 01 02 03 04 MD&A – STRATEGIC REVIEW 05 06 07 08 09
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