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FHN Policies

Whistleblowing Policy

FHN is committed to the highest standards of openness, probity, and accountability. An important aspect of accountability and transparency is a mechanism to enable staff and other members of the Company to voice concerns in a responsible and effective manner. Individuals are encouraged to disclose without fear of reprisal, any information which they believe shows serious malpractice or wrongdoing within the organisation. There are arrangements to enable this to be done independently of line management.

Hotline: +234 (0) 907 301 5995

FHN Whistleblowing Policy

Anti-bribery Policy

Our anti-bribery policy exists to set out the responsibilities of FHN and those who work for us in regard to observing and upholding our zero-tolerance position on bribery and corruption.

FHN is committed to conducting business in an ethical and honest manner, and implementing as well as enforcing systems that ensure bribery is prevented. FHN has zero-tolerance for bribery and corrupt activities. We are committed to acting professionally, fairly, and with integrity in all business dealings and relationships, wherever we operate. We adhere to the UK Bribery Acts standard in regard to our conduct.

FHN recognises that bribery and corruption is a punishable offence in the Laws of the Federation of Nigeria. If our company is discovered to have taken part in corrupt activities, we may be subjected to an unlimited fine, be excluded from tendering for public contracts, and face serious damage to our reputation. It is with this in mind that we commit to preventing bribery and corruption in our business and take our legal responsibilities seriously.

Sexual harassment policy

FHN code of business conduct

Anti-corruption compliance policy for FHN (contractors)

Risk Assessment & Management Policy

Risk management is an important aspect of our activities at FHN. We adopt a proactive approach to ensure that all risks are identified, assessed, and adequately managed or mitigated while creating value for all stakeholders. HAZOP (hazard and operability study), HAZID (hazard identification), and Process Risk Assessment are carried out on all major projects.

Our Risk Management Objectives

Ensure that across the entire business value chain, all our activities are based on, and comply with sound industry principles and applicable regulations

Manage risks across all business segments to avoid undue losses as we pursue the achievement of our strategic objectives and delivery of specific business targets

Embed risk management as a core element of our business processes across all business segments and activities; such that all staff have shared responsibility for identifying, assessing, and managing risks in the course of carrying out their work

Ensure that risks are appropriately identified, assessed, and measured and that adequate controls are in place to enable Management act as required in the interest of the business

Risk Governance Structure and Responsibilities

The Board of Directors (through its Governance, Compliance, and Risk Management Committee and the full Board) is responsible for the formulation of FHN’s risk management strategy and policy as well as the definition of risk appetite and risk tolerance statements. On a quarterly basis, the Board reviews the risk strategy, related policies, as well as risk appetite and tolerance statements to ensure that they are comprehensive, appropriate, effective, and consistent with the realities of FHN’s internal and external business environment.

The Senior Management is responsible for the implementation of risk management strategy and policies, as well as embedding a risk management culture in FHN. The Team is also responsible for providing the tools, resources, and internal controls to ensure compliance with the Risk Appetite and Risk Tolerance limits. The General Counsel provides the focal point within Senior Management for risk management and liaises directly with the Enterprise Risk Management function.

The Enterprise Risk Management function is responsible for providing independent functional oversight for internal audit and risk management within the Company. The Head of Risk Management reports directly to the Managing Director with dotted-line reporting relationships to the Governance, Compliance and Risk Management Committee.

Functional leaders across the business are responsible for managing risks that are related to their specific business functions.