HFC Supports 2019 Corporate Governance Summit

Pacific Corporate Governance Institute (PCGI) is a renowned Insti­tute in the Pacific that promotes principles of good Corporate Gov­ernance.
26 Mar 2019 16:57
HFC Supports 2019 Corporate Governance Summit
From left to right: Pacific Corporate Governance Institute (PCGI) Board member Nesbitt Hazelman, PCGI Board chairman Nouzab Fareed with HFC Bank Head of Operational Risk & Compliance Gitesh Nair and HFC Bank General Manager Operations & Transformation Admond Chandra during the cheque presentation on March 25, 2019. Photo: HFC Bank

HFC Bank, Fiji’s only 100 per cent locally owned Bank yesterday commit­ted $10,000, towards the Pacific Corporate Governance Institute (PCGI) Summit.

About the sponsorship

During the cheque presentation, HFC Bank Head of Operational Risk & Compliance Gitesh Nair said: “PCGI is a renowned Insti­tute in the Pacific that promotes principles of good Corporate Gov­ernance and as the only locally owned Bank in Fiji.

“HFC Bank is honoured to sup­port the summit which brings together various representatives from the Private and Public sector to discuss Corporate Governance challenges in Fiji plus opportuni­ties to take back the best practises and standards.

“The sponsorship will be benefi­cial to HFC Bank in terms of un­derstanding global best practices in Corporate Governance, and further strengthening its existing Corporate Governance processes and standards” said Mr Nair.

About HFC Bank

HFC Bank turned five-years-old this month as a fully fledge com­mercial bank with a record dou­ble digit profit of $11.8M in their last financial year.

This was a 53 per cent growth from previous financial year. Sound and effective governance, risk management and internal control plays a contributing fac­tor to this success.

With a culture of placing ‘cus­tomer first’ the bank ensures that healthy and stable operational ac­tivities are always balanced and transparent.

This financial support towards the PCGI Summit recognises the importance and contribution of Corporate Governance within the bank.

In return it hopes to gain more from the summit participants ranging from corporate to gov­ernment bodies and academic sector representatives which consequently will strengthen the Bank’s Risk Management and Risk Culture.

PCGI is an independent, non-profit organisation aimed at pro­moting principles of good corpo­rate governance to companies in Fiji and the Pacific.

They provide various forms of corporate governance training, raising awareness on important governance plus advocacy for on­going market reforms.

The summit is scheduled on April 4, in Suva.

Source: HFC Bank


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