Corporate Governance

Overview

Distinction Starts from Within

PNB believes that a culture of transparency, accountability, and integrity is paramount to ensuring its commitment towards upholding our mandate and pursuing our Purpose. The present challenging volatile market conditions have made it more vital for PNB to ensure conformance to the highest standard of Corporate Governance through the effective formulation and application of its internal policies and processes.

Integrity Charter and Framework of the PNB Group

A. Leadership Engagement

  • Board and Senior Management fully committed to ensure corruption risks are managed effectively.
  • Management at all levels engaged in developing integrity culture.
  • Adequate resources are allocated for integrity awareness programme.

B. Integrity Culture

  • Promote a strong culture of integrity within the PNB Group.
  • Encourage integrity behaviour.
  • Zero tolerance policy on corruption.

C. Training and Communication

  • Identify and address integrity competency and training needs for the PNB Group.
  • Communicate and reinforce integrity knowledge to staff members.

Integrity Framework

Integrity Culture
Training and Communication
Leadership Engagement

01

Corruption Risk Assessment

  • Proactively assess corruption risk and integrity-related obligations.

  • Continuously reassess level of corruption risk based on: 

    - New or changed activities, products or services.

    - New revised obligations.

    - Findings from audit reviews done internally or by regulators.

02

Corruption Risk Management

  • Establish and ensure effective policies processes and internal controls are in place to mitigate corruption risk.
  • Communicate policies and procedures to staff members.

03

Corruption Risk Monitoring

  • Oversee and ensure controls are operating effectively.
  • Regularly assess effectiveness of integrity programme and determine areas for improvement where necessary.

04

Integrity Reporting

  • Ensure the necessary reports are submitted accurately and on-time.
  • Ensure appropriate corrective actions are taken to resolve non-compliance issues in a timely manner.

05

Integrity Governance

  • Proactively assess critical corruption risks and obligations relating to integrity. 
  • Advise on the risk impact of corrupt practices and the necessary actions to be taken to mitigate them.