Governance

Progressing to a Better Future with Strong
Governance Practices

GOVERNANCE FRAMEWORK

We have robust systems and practices which ensures high level of accountability, transparency and fairness in all transactions. We maintain a steadfast commitment to ethics and code of conduct, and have zero tolerance for any unethical practices. All our employees and Directors have read the Code, and strictly adhere to it. We also have various policies in place including for anti-bribery and corruption, preventing fraud, whistle blower and preventing insider trading among others.

Our principal corporate objective is to perpetuate our business while protecting the interests of all stakeholders and enhancing the value of our shareholders’ investment over the long term.

BOARD STRUCTURE AND DIVERSITY

Our Board is highly structured to ensure a high degree of diversity by age, education/qualifications, professional background, sector expertise and special skills. The Directors are persons of eminence, and bring with them experience and skills that add value to the performance of the Board.

Our Board also has significant women representation. Until November 21, 2021, we had three-women directors on the Board, before Ms. Grace Elizabeth Koshie, who was the Chairperson and Non-Executive Director of the Bank retired. As on March 31, 2022, our Board comprised 11 Directors out of which two are women. Apart from MD & CEO and two Executive Directors, all other members of the Board are Independent Directors including one woman Independent Director.




We are proud to announce that Federal Bank received the ‘Top Corporate Tax Payer of the Region’ award from the Principal Director of Income Tax (Investigation), Kerala.


MAJOR CERTIFICATION PROGRAMS UNDERTAKEN BY THE BOARD OF THE BANK

BOARD SKILL AREAS
(No. of Board Members)


Banking including credit, treasury operations and investment banking

9

Business management

3

Risk management

4

Finance and accountancy

4

Economics, agriculture, rural economy and co-operation

4

Human resource management

1

Small scale industry

2

Management

3

Information technology and payment and settlement systems

2

Law, governance and compliance

1

BOARD DIVERSITY

By gender


Female

2

9


Male

By Independent


Executive

3

8


Independent