We are committed to sound corporate governance in the conduct of our business. We operate a transparent and clear corporate governance structure which meets the highest international standards. We believe that the ability of our Board of Directors and Management to carry out their duties within this framework is as crucial as the improvement of our company performance and profitability, and is a necessary component of sound strategic business management. We therefore have in place a full Corporate Governance Code (CGC) which is in substantial conformity with local and international codes of best practices in corporate governance.
Our Board of Directors is well-structured and comprised in the majority, of independent, non-financial, non-executive members. To further ensure good governance and balance of power at the highest levels of the Company, the roles of the Chairman of the Board and that of the Managing Director who is the Chief Executive Officer are separate and independent.
As the highest policy-making and direction-setting body, Falcon’s Board is a fiduciary of and accountable to our Shareholders for the proper and effective administration of our Company; exercising sound judgment and acting always in their best interests to ensure the continuing prosperity of our Company in a transparent, responsible, ethical and equitable manner.