The UOB Board views good corporate governance as fundamental to the creation, protection and enhancement of the value of the Bank, and to achieving sustainable growth.
The Board is responsible for:
The Board has established five Board Committees to perform certain duties. They are the Audit Committee, Board Risk Management Committee, Executive Committee, Nominating Committee and Remuneration and Human Capital Committee.
More information on UOB's corporate governance can be found in the UOB Annual Report.
Click here for the Constitution of UOB.
Audit Committee (AC)
The AC oversees matters relating to the following:
Board Risk Management Committee (BRMC)
The BRMC oversees risk management matters, including the following:
Executive Committee (EXCO)
The EXCO’s responsibilities are to:
Nominating Committee (NC)
The main responsibilities of the NC are to:
Remuneration and Human Capital Committee (RHCC)
The RHCC’s main responsibilities are to:
Please click here for the composition of each committee.
The Bank has a whistleblowing policy which provides for access to well-defined channels for any individual to report in good faith, without fear of reprisal, any suspected wrongdoing to the Head of Group Audit, Chairman of the Audit Committee, CEO or Chairman of the Board.
Reports may be sent by post to the Head of Group Audit at United Overseas Bank Limited, One Raffles Place, Tower 1 #15-02, Singapore 048616 or by email to email@example.com. All reports received are accorded confidentiality and investigated independently by Group Audit, the administrator of the whistleblowing policy. Group Audit submits regular updates on whistleblowing reports received to the Audit Committee.
The Bank has a code on dealing in securities. The code requires directors and employees to comply with applicable laws on insider dealings at all times and prohibits dealings in the Bank's securities:
Directors and employees are informed of the prohibited dealing periods. The Bank does not deal in its securities during the prohibited dealing periods.
Principles Of Engagement With Investment Community
1 ESG-focused analysts and investors are those who assess a company's risks, opportunities and capabilities from an Environmental, Social and Governance perspective. This excludes extra-financial rating agencies (such as MSCI, Sustainalytics), which provide ratings of listed companies based on ESG criterias.
2. Dissemination of Information
3. No Selective Disclosure
4. "Quiet/Blackout" Period
5. Management's Communication with Investment Community