"Corporate governance is the system by which business corporations are directed and controlled. The corporate governance structure specifies the distribution of rights and responsibilities among different participants in the corporation, such as, the board, managers, shareholders and other stakeholders, and spells out the rules and procedures for making decisions on corporate affairs. By doing this, it also provides the structure through which the company objectives are set and the means of attaining those objectives and monitoring performance". (OECD definition)

• Corporate governance at Fullerton Securities

  At Fullerton Securities, we have chosen a framework, which incorporates guidelines recommended by leading international and regional regulators as well as the practices adopted by leading financial institutions. This comprises of a two-tier system of committees comprising of members drawn from Executive Management for the first tier and the Board of Directors for the second.

  This framework ensures that whilst accountability for decision-making at an operational level remains with functional specialists, Executive Management will engage in cross functional sharing of knowledge and expertise via these committees in a structured manner. This helps ensure that synergies are identified and efficiencies are optimised when decisions impacting the organisation are taken. The Executive Management Committees are:

  • Product Approval Committee
  • Business Risk & Compliance Committee
  • Executive Operating Committee
  • IT Steering Committee
  • Human Resources Committee
  • Vendor Management Committee

  Board Committees provide strategic oversight and guiding principles for the company with respect to key business matters. The deliberations and recommendations by the management team are carefully considered as the Directors draw on their collective experience and expertise to discuss and opine on key policies and critical corporate decisions. The Board Committees are:

  • Board of Directors
  • Audit Committee
  • Risk Management Committee
  • Employee Remuneration Committee