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

Attachments

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.