Members of the Board are fully responsible for the overall interests of the Company. This applies to members of the Board representing or appointed by an individual shareholder or group of shareholders. The Duty of Loyalty precludes individual members of the Board acting in their own interest, or the interest of another individual or group, at the expense of the Company, its policyholders or shareholders. Policyholders’ interests must take precedence over shareholders’ interests.
2.
Members of the Board must exercise their Duty of Care, Duty of Confidentiality and Duty of Loyalty to the Company when carrying out their activities, which include, but are not limited to:
a.
Actively engaging in the affairs of the Company to ensure strategy and policies are implemented as designed as well as acting in a timely manner to protect the long-term interests of the Company;
b.
Overseeing the development of and approving the Company’s business objectives and strategy, and monitoring their implementation;
c.
Playing a lead role in establishing the Company’s corporate culture and values.