AIICO INSURANCE : AIICO INSURANCE PLC’S ANNUAL BOARD WORK PLAN 2023


Lagos: 31 December 2022

THE BOARD’S ANNUAL WORK PLAN

AIICO Insurance Plc (the Company) wishes to inform the Nigerian Exchange Limited (NGX) and its shareholders of the Board’s annual work plan. The annual plan ensures that the board covers all the necessary areas of its work during the year.

The agenda will also note for the board’s information other key dates such as national championships, annual awards dinner etc.

The plan should include;

  • The AGM and any board time needed for preparation
  • Key dates in the CEO’s performance appraisal cycle
  • Strategy review sessions
  • Board succession information; retirement dates, recruitment cycle etc.
  • Any key stakeholder engagement dates
  • Committee meeting and reporting back dates
  • Annual report sign off date
  • Ongoing policy review dates
  • Board review and development dates

The template is indicative only. Board would decide what should be included.

January

February

March

18th -20th

TBD

TBD

Board meeting

Board meeting

Board Training

Quarterly CEO’s Report

Quarterly policy review

Approval of Audited

Discussion on Annual

Financial Statement (AFS)

strategic retreat

for the year ended 31

Governance development

December 2022,

update

2022 Annual Report sign off

date

Annual General Meeting

(AGM) proposed date

April

May

June

19th -21st

TBD

TBD

Board meeting

AGM activities.

Board Training

Quarterly CEO’s Report

Board training Activities

  • Quarterly policy review
  • Strategy
  • Governance development update
  • Remuneration, Nomination & Corporate Governance Committee to meet

July

August

September

19th -21st

TBD

TBD

Board meeting

AGM preparation

Quarterly CEO’s Report

Board Training

Quarterly policy review

Board training Activities

  • Strategy
  • Governance development update

October

November

December

18th -20th

TBD

Board meeting

Quarterly CEO’s Report

Board Evaluation

Quarterly policy review

Corporate Governance

Strategy

Assessment

Governance development

update

Remuneration, Nomination &

Corporate Governance

Committee to meet.

For AIICO Insurance Plc

Donald KANU

Company Secretary

Disclaimer

AIICO Insurance plc published this content on 03 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 January 2023 09:57:01 UTC.

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Sales 2021 42 716 M
95,3 M
95,3 M
Net income 2021 4 853 M
10,8 M
10,8 M
Net cash 2021 25 490 M
56,9 M
56,9 M
P/E ratio 2021 5,28x
Yield 2021 2,86%
Capitalization 21 597 M
48,2 M
48,2 M
EV / Sales 2020 -0,08x
EV / Sales 2021 0,00x
Nbr of Employees 428
Free-Float 85,0%

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