CFSL Integrated Report 2025

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CORPORATE GOVERNANCE

118

Risk Management

Statutory Disclosures

Financial

3.1.6 Ethics and Culture At CFSL, a strong ethical culture is at the heart of our governance framework and business operations. The Company is committed to upholding the highest standards of integrity, fairness, and transparency, which are embedded in its Code of Ethics, policies, and day-to-day practices. Ethical behaviour is further reinforced through training, awareness programmes, and clear reporting channels, including the whistleblowing mechanism, which allows employees to raise concerns confidentially and without fear of reprisal. 3.1.7 Alignment with Laws and Codes CFSL is fully committed to conducting its business in strict adherence to all applicable laws, regulations, and corporate governance codes. 3.1.8 Other Governance Matters 3.1.8.1 Directors’ Remuneration and Attendance The remuneration of non-executive Directors consists of a mix of attendance and retainer fees and are aligned with market norms. Non-executive Directors have not received remuneration in the form of share options or bonuses associated with organisational performance. The executive Director does not receive additional remuneration for serving on the Board of the Company or its committees. His remuneration package as an employee of the Company, including performance bonuses, is in accordance with market rates. The remuneration of the executive and non-executive Directors is reviewed and recommended for approval to the Board on an annual basis by the Corporate Governance and Conduct Review Committee. For the financial year under review, the Directors’ fees were reviewed by the Committee, taking into account market benchmarks and the evolving responsibilities of the Board. The Committee’s recommendations were subsequently submitted to the Board for approval. The non-executive Directors are not paid any performance bonuses. Directors’ attendance at Board and Committee meetings, as well as their remuneration from CFSL during the financial year ended 30 September 2025, are as set out in the table below. The frequency of Board meetings is determined in a way that Directors can consider general matters as well as deal with emerging business opportunities effectively and in a timely manner. The Directors were able to commit sufficient time to their respective Committees and to Board meetings and serve the company effectively. The Company Secretary ensures that Board papers are sent to the Directors in good time to facilitate the decision-making progress and strategic discussions. The Company Secretary also attends Board and committee meetings to take note of the key discussions and decisions taken by the Board.

ATTENDANCE

INTERESTS REMUNERATION

BOARD MEETINGS ACC CGCRC RMC BIC ESGC ITDC DIRECT INDIRECT