The Deves Insurance Public Company Limited endeavours to conduct its business operations in line with the principles of corporate governance for the overall benefit to society and the nation.
Board of Directors
The Board of Directors has established guidelines for the management and supervision of business operations so that the responsibility of the Company will be effective abiding by the policies adopted by the Board of Directors as endorsed by the shareholders in a legally correct manner and according to
Company regulation. With an independent Board structure and given the distinct experiences and calibre of Directors, good judgement is achieved in establishing the corporate policies that will guide the Company through fair and honest operations towards greater success. Recognizing the different role of the Executive Board, the Board of Directors is not involved in any decision-making of the day-to-day management or operations.
The Board of Directors has a commitment to all shareholders in protecting their rights and interests by reducing risk and maximizing shareholder value, including the establishment of benchmarks for management responsibility within a transparent, open and accountable mechanism.
Shareholder Protection
The Company always holds accountable to its shareholders in preserving their rights and interests. All shareholders are given extensive protection and can exercise their rights in connection with their investment, voting rights or to request for complete, accurate and timely disclosure of information.
Reduction of Risk
Risk management represents the Company’s nature of business. Risk is transferred to other reinsurers of strong financial profile following principles of reinsurance and under the strict criteria of Government rules and regulations. The risk management process is imperative and emphasized continually within the Company. Risks are prioritized to minimize possible impact on the Company.
Benefits on Investment
The Company consistently improves and develops its business operations so as to ensure maximum and stable returns on investment for the shareholders.
The Company is dedicated to good governance principle, as a guide for enhancing its overall management and for maintaining the Company’s integrity and image. Furthermore, the Company has a policy on ensuring fair remuneration to the Board of Directors, management team and all staff, with the ultimate aim of achieving greater shareholder’s wealth.
Transparency and Accountability
The Company is confident that being transparent, honest and readily answerable for complete disclosure is vital in upholding its reputation and the confidence of all stakeholders. Transparency and accountability have always been at the very core of the Company’s management and administration.
Social Responsibility
The Company is determined in its responsibility towards society, with particular support for the preservation of national heritage. It is fully committed to maximizing the long-term benefits for all stakeholders and for the nation. The Company believes that corporate governance principles will bring greater stability to the
Company as well as stronger trust from the public which will ultimately lead to mutual and lasting success for all concerned.