Republic Financial Holdings Limited, in addressing speculation regarding potential changes to its Board of Directors, indicated that all members of its Board have maintained and continue to uphold their fiduciary responsibilities to act with integrity, confidentiality, and in good faith in the best interest of the company.
RFHL noted that these responsibilities are clearly outlined in the Companies Act, 1995, the Financial Institutions Act 2008, The Fit and Proper Guideline, and The Corporate Governance Guideline issued by the Central Bank of Trinidad and Tobago, and claim that they have never been violated.
In a statement released on Thursday RFHL confirmed that it adheres to the highest standards of corporate governance, transparency, and regulatory compliance as a publicly listed company governed by The Companies Act, 1995 and The Securities Act, 2012.
The company emphasized that for over four decades, RFHL shareholders have maintained their right to nominate directors for election in accordance with the company’s by-laws, a practice that continues today.