Corporate governance is an ethically driven business process that is committed to values aimed at enhancing an organization’s wealth generating capacity. This is ensured by taking ethical business decisions and conducting business with a firm commitment to values, while meeting stakeholders’ expectations. At Foxhog it is imperative that our company affairs are managed in a fair and transparent manner. This is vital to gain and retain the trust of our stakeholders.
We are committed to defining, following and practicing the highest level of corporate governance across all our business functions. Our corporate governance is a reflection of our value system encompassing our culture, policies, and relationships with our stakeholders. Integrity and transparency are key to our corporate governance practices and performance and ensure that we retain and gain the trust of our stakeholders at all times.
Corporate governance policies
Our corporate governance framework ensures effective engagement with our stakeholders and helps us evolve with changing times. We believe that an active, well-informed and independent board is necessary to ensure the highest standards of corporate governance. At Foxhog, the Board of Directors is at the core of our corporate governance practice and oversees how the Management serves and protects the long-term interests of our stakeholders.
Corporate governance report
As a part of our commitment to follow global best practices, We comply with a broad selection of key governance principles and regulations. For example, the Cadbury Report in the U.K. in 1992 was a significant event in modern corporate governance. The report recommended the arrangement of company boards and accounting systems to reduce corporate governance risks and failures. The enactment of the Sarbanes-Oxley Act, 2002, resulted in the senior management individually certifying the accuracy of their company’s financial information. The Dodd-Frank Wall Street Reform and Consumer Protection Act sought to build a safer, more stable financial system to set the foundation for sound economic growth and job safety.
Corporate social responsibility
Kloth Bank, the philanthropic arm of Foxhog Ventures Corp., fulfils the social responsibility of the company. The Foundation has undertaken various initiatives in providing medical facilities to remote rural areas, organizing novel pension schemes, etc.
The following documents are no longer effective and have been archived as per the Company’s document retention and archival policy.