The Efic Board is responsible for our corporate governance, managing our affairs and overseeing our operations. This includes establishing our corporate governance strategy, defining our risk appetite, monitoring our performance, making decisions on capital usage and dividend recommendations to the Minister for Trade, Tourism and Investment (Minister).
Our Board always ensures that a Board member does not participate in discussions where there is, or may be, a conflict between their own interests and those of Efic or one of our clients. We maintain a register updated with the disclosed interests of all Board Members.
The Minister is responsible for Efic, and is represented on the Board by the Secretary of the Department of Foreign Affairs and Trade (or their alternate).
Also sitting on the Board are seven non-executive directors, appointed by the Minister and our Managing Director – who is a full-time employee at Efic.