Home >> Principle Insurance Holdings Limited >> Corporate Governance

Corporate Governance

Principle Insurance Holdings Limited's corporate governance framework provides a structure through which the objectives of the Group are set, and determines the means of attaining objectives and monitoring its performance. It will provide relevant incentives for the management to pursue objectives that balance the interest of all stakeholders.

Principle Insurance Holdings Limited is committed to the highest legal and ethical standards including transparency, corporate governance, accountability, as well as compliance with all applicable laws and regulations of the United Kingdom. Principle Insurance Holdings Limited intends to comply with the main provisions of the Combined Code on Corporate Governance that apply to listed companies in the United Kingdom. The group has retained the services of leading professionals from the UK insurance industry to serve as Non-executive directors and to bring an independent view to the Board.

In addition to the Board of Directors and Executive Management, Principle Insurance Holdings Limited has a committee of Muslim Scholars in place to oversee the activities of the business in respect to compliance with Islamic law, known as the Shariah. This committee is referred to as the Shariah Supervisory Committee, and is made up of internationally renowned experts in the field of Islamic finance, and also its application within the legislative and regulatory frameworks of Western financial markets.

© Copyright 2009 Principle Insurance Holdings Limited Limited

http://www.principleholdings.com/corporate_governance.asp