Corporate governance is the system by which companies are directed and controlled. It deals mostly with the relationship between the constituent parts of a company - the directors, the board (and its sub committees) and the shareholders.
Gilliat Financial Solutions strongly believes that companies which adopt best practice in corporate governance will be more successful in their core activities and will undoubtedly deliver enhanced returns to stakeholders.
We seek to be a responsible company by incorporating a focus on openness, integrity and accountability in all aspects of its operations and activities, including:
Our corporate governance approach serves as a guide to employees in all aspects of their work.
We fully support and adhere to the FSA’s principles for business in all our undertakings with clients, employees, service providers and business partners.
| Integrity | We will conduct our business with integrity. |
| Skill, care and diligence | We will conduct our business with due skill, care and diligence. |
| Management and control | We will take reasonable care to organise and control our affairs responsibly and effectively, with adequate risk management systems. |
| Financial prudence | We will maintain adequate financial resources. |
| Market conduct | We will observe proper standards of market conduct. |
| Customers' interests | We will pay due regard to the interests of our customers and treat them fairly. |
| Communications with clients | We will pay due regard to the information needs of our clients, and communicate information to them in a way which is clear, fair and not misleading. |
| Conflicts of interest | We will manage conflicts of interest fairly, both between ourselves and our customers and between a customer and another client. |
| Clients' assets | We will arrange adequate protection for clients' assets when we are responsible for them. |
| Relations with regulators | We will deal with our regulators in an open and cooperative way, and will disclose to the FSA appropriately anything relating to the firm of which the FSA would reasonably expect notice. |
Treating Customers Fairly (TCF) remains central to the Financial Services Authority strategy for regulated companies. Gilliat Financial Solutions aims to embed TCF Principles within its culture and procedures by: