The Company is committed to principles of sound governance and application of the highest ethical standards in the conduct of our business and affairs. The Board is committed to the principles of transparency, honesty, integrity, diligence, accountability, responsibility and fairness. The Directors accept full responsibility for the application of these principles to ensure that the principles of good corporate governance are effectively practised throughout the Company. Furthermore, the Board understands and takes full responsibility to safeguard and represent the interests of the stakeholders of the Company in perpetuating a successful and sustainable business that ensures the achievement of the company’s strategic objectives.
The Board is responsible for ensuring that the company complies with all of its statutory obligations as specified in the Companies Act 2009, Insurance Act 2005 and FSRA Act 2010 and all other regulatory requirements of the Kingdom of Eswatini.
The Directors endorse the King Code and recognise the need to conduct the affairs of the company with integrity and in accordance with generally accepted corporate practices. In discharging this responsibility, the intention is to apply the principles of the King Code in both letter and spirit.
The company also complies with both international and Financial Services Regulatory Authority of the Kingdom of Eswatini imposed solvency margin requirements for reinsurers.