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.
Tuesday 26 March 2019 | 15:57
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.
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“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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