Corporate governance FRR25 Nov 2018 22:34
The Board of Directors seeks to embody and promote a corporate culture that is based on sound ethical values and behaviors. A culture of ethics and compliance is at the core of all aspects of our Company’s business.
The Board of Directors of the Company has adopted this code of ethics, to promote honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest; promote the full, fair, accurate, timely and understandable disclosure of the Company’s financial results in accordance with applicable disclosure standards; promote compliance with applicable governmental laws, rules and regulations; and deter wrongdoing.
Steve C. Nicandros
Chairman of the Board of Directors
27 September 2018
Cayman Court...
The Court of Appeal judgment confirms the strict nature of a fiduciary’s duty of loyalty and will continue to take a dim view as to directors surreptitiously diverting its company’s business opportunities for personal profit. Furthermore, the Court of Appeal decision emphasizes the importance for trustees to be genuinely independent and to exercise a proper level of due diligence.