Financial Performance | Human Rights
OUR COMMITMENT TO GOOD GOVERNANCE
The United Nations lists the characteristics of good governance as participatory, consensus-oriented, accountable, transparent, responsive, effective and efficient, equitable and inclusive. It follows the rule of law. It assures that corruption is minimized, the views of minorities are taken into account and that the voices of the most vulnerable in society are heard in decision-making. It is also responsive to the present and future needs of society.
At Fortuna, good governance starts at the Board level and permeates the organization. Our Directors are selected for their skill, experience, and commitment to good governance. The Board has determined that we require between five and eight directors, the majority of whom should be independent, to effectively manage our affairs and that the majority shall be independent. In 2019, our Board was composed of seven directors: six men and one woman. Four of the seven directors are independent.
Four committees of the Board oversee our governance. All committees of the Board are independent, except for the Sustainability Committee which is comprised of a majority of independent members.