Governance

We believe that practicing good corporate governance is central to the health and stability of our financial markets and the economy. We adhere to an ethics and code of business conduct policy which deals with issues such as confidentiality, conduct and work discipline, corporate gifts and concessionary offers. Clear policies and guidelines on how to handle workplace harassment and grievances are also in place, while our zero-tolerance policy against bribery and corruption extends to our business dealings with third-party service providers and vendors.

Key Highlights
8 Board Members Chairman of the Board is an Independent Director All members of the Audit Committee (AC), including the Chairman of the AC, are Independent Directors Formation of Nominating and Remuneration Committee (NRC) in 2021 with an independent Chairman
None of the Directors has served more than 5 years on the Board as at 31 December 2021 The Manager has established internal control procedures to ensure that all Interested Person Transactions are undertaken on an arm’s length basis and on normal commercial terms Executive compensation framework is based on the key principle of linking pay to performance Zero tolerance stance against fraud, bribery and corruption (FBC)
Communicate the commitment to integrity from the top through policies and practices, such as FBC Risk Management Policy, Whistleblowing Policy, Ethics and Code of Business Conduct Policies, among others The Manager abides by MAS’ guidelines on the prevention of money laundering and countering the financing of terrorism and has a policy on the prevention of money laundering and terrorism financing Constituent of the SGX Fast Track recognising the efforts and achievements of listed issuers which have upheld high standards of corporate governance and maintained a good compliance track record

Read more about CICT’s Corporate Governance here.