CORPORATE GOVERNANCE

FIRST INSURANCE COMPANY LIMITED (FIC) is a private limited liability company incorporated under the laws of Ghana and licensed by the National Insurance Commission as a LIFE INSURER. It’s registered place of business is No.59 First Insurance House, Ring Road Central, Asylum Down Accra.

In recent years, corporate governance has received increased attention because of high-profile scandals involving abuse of corporate power and, in some cases, alleged criminal activity by corporate officers. At FIC, the Board of Directors is responsible for the governance of FIC and ensures accountability, fairness and transparency in FIC’s relationship with its stakeholders.

The responsibilities of the Board include setting FIC’s strategic aims; providing the leadership to put them into effect and supervising the management of the business to ensure the long term success of the Company. An integral part of FIC’s corporate governance regime includes provisions for civil or criminal prosecution of employees who conduct unethical or illegal acts in the name of the Company.