BY LAW
The Four Golden Rings Syndicate Limited (the “Syndicate”) is a company established for profit under the Federal Republic of Nigeria Companies and Allied Matters Act, 2020 (the “Act”).
The Syndicate’s purpose is to:
- Foster innovation, collaboration, and growth among its members
- Provide a platform for members to share ideas, resources, and expertise
- Facilitate business opportunities and partnerships among members
- Promote entrepreneurship, economic growth, and social impact
- Engage in any other lawful activities that further the interests of the Syndicate and its members.
The Syndicate is committed to creating a supportive ecosystem for its members to thrive and succeed, while adhering to the highest standards of integrity, transparency, and compliance with applicable laws and regulations.
GOVERNANCE
The Syndicate shall be governed by the following bodies:-
- Executive Council (Executive Managers): The Syndicate shall be led by an Executive Council, consisting of seven directors elected by the Supreme Council (The board of directors & Shareholders) at the annual general meeting.
- Supreme Council (The board of directors & Shareholders): The Supreme Council shall be comprised of all shareholders of the Syndicate, who shall meet annually to receive reports, elect directors, and make key decisions affecting the Syndicate.
The Supreme Council shall be responsible for:
– Overseeing the management of the Syndicate
– Setting strategic direction and policies
– Approving major business decisions
– Ensuring compliance with legal and regulatory requirements
The Executive Council shall be accountable to the Supreme Council and shall report to them at the annual general meeting.
CODES OF CONDUCT
Codes of Conduct for Agents and Directors within the Syndicate
The Four Golden Rings Syndicate Limited (the “Syndicate”) is committed to maintaining the highest standards of integrity, transparency, and ethical behavior in all its dealings. This Code of Conduct outlines the expectations for Agents and Directors within the Syndicate.
Agents:
- Conduct business with integrity, honesty, and transparency
- Act in the best interests of the Syndicate and its members
- Maintain confidentiality of sensitive information
- Avoid conflicts of interest and disclose any potential conflicts
- Comply with all applicable laws and regulations
- Treat colleagues, members, and partners with respect and dignity
Directors (Executive Council):
- Lead by example and uphold the highest ethical standards
- Make decisions in the best interests of the Syndicate and its members
- Disclose any conflicts of interest and recuse themselves when necessary
- Ensure compliance with legal and regulatory requirements
- Foster a culture of transparency, accountability, and open communication
- Protect the assets and reputation of the Syndicate
Consequences of Non-Compliance:
– Breaches of this Code may result in disciplinary action, including termination of agency or directorship
– The Syndicate reserves the right to report any illegal activities to the appropriate authorities
Acknowledgement:
By accepting their role, Agents and Directors acknowledge that they have read, understood, and will comply with this Code of Conduct.Let me know if this meets your requirements or if you need any modifications!
WHISTLE BLOWER POLICY
The Four Golden Rings Syndicate Limited (the “Syndicate”) is committed to maintaining the highest standards of ethical behavior and compliance with applicable laws and regulations. This Whistleblower Policy provides a framework for reporting and addressing concerns related to unethical behavior, fraud, or other illegal activities within the Syndicate.
Purpose: To provide a safe and confidential reporting mechanism for Whistleblowers to report concerns without fear of retaliation.
Scope: This Policy applies to all Agents, Directors, employees, contractors, and vendors of the Syndicate.
Reportable Conduct:
- Unethical behavior
- Fraud or financial irregularities
- Illegal activities
- Violations of company policies or procedures
- Threats to the safety and well-being of colleagues or members
Reporting Mechanisms:
- Email: mailto: whistleblower@fourgoldenrings.com
- Phone: +234 09126745763
- Mail: Whistleblower Committee, The Syndicate, 42 Local Airport Road Ikeja Lagos, Nigeria.
Protection of Whistleblowers:
– The Syndicate will maintain the confidentiality of Whistleblowers to the fullest extent possible
– Whistleblowers will be protected from retaliation, harassment, or victimization
– The Syndicate will take prompt and appropriate action in response to reports
Investigation and Resolution:
- Reports will be investigated promptly and fairly
- The Whistleblower will be informed of the outcome of the investigation (subject to legal constraints)
- Appropriate action will be taken to address any misconduct or wrongdoing
Retaliation Protection:
– The Syndicate will not tolerate retaliation against Whistleblowers
– Any form of retaliation will be considered a serious offense and may result in disciplinary action
Acknowledgement:
By reporting concerns, Whistleblowers acknowledge that they have read, understood, and will comply with this Policy.Let me know if this meets your requirements or if you need any modifications!
BOARD OF COMMITTEES
The Four Golden Rings Syndicate Limited (the “Syndicate”) has established various committees to support the effective governance and management of the organization. The Board of Committees is responsible for overseeing the work of these committees and ensuring that they operate in accordance with the Syndicate’s objectives and policies
Committees:
- Audit Committee: Responsible for ensuring the accuracy of financial statements, reviewing audit reports, and overseeing internal controls.
- Risk Management Committee: Identifies and assesses potential risks, develops risk management strategies, and monitors their implementation.
- Nominations and Governance Committee: Oversees the nomination process for the Executive Managers, ensures compliance with governance practices, and reviews committee charters.
- Compensation and Remuneration Committee: Develops and implements policies for employee compensation and benefits, and reviews director remuneration.
- Investment Committee: Reviews investment opportunities, develops investment strategies, and monitors investment performance.
- Membership and Engagement Committee: Develops strategies to enhance member engagement, reviews membership applications, and oversees member relations.
- Events and Programs Committee: Organizes and coordinates events, conferences, and programs that align with the Syndicate’s objectives.
Committee Membership:
– Each committee shall consist of at least three members, appointed by the Board of Directors.
– Committee members shall serve for a term of two years, renewable for an additional term.
– Committee members shall have the necessary expertise and experience to fulfill their responsibilities.
Responsibilities:
- Each committee shall report to the Board of Directors and provide recommendations on matters within their scope.
- Committees shall operate in accordance with their charters and the Syndicate’s policies and procedures.
MEMBER BENEFITS REGULATIONS
The Four Golden Rings Syndicate Limited (the “Syndicate”) is dedicated to fulfilling the benefits of its members and ensuring a rewarding membership experience.
General Principles:
- The Syndicate shall establish and maintain a range of benefits for its members.
- Membership benefits shall be provided in accordance with these Regulations and the Syndicate’s policies.
- The Syndicate shall ensure that membership benefits are fulfilled in a fair, transparent, and timely manner.
Eligibility:
– Membership benefits shall be available to all members in good standing.
– Members shall be entitled to benefits from the date of their admission to the Syndicate.
Benefit Fulfillment:
– The Syndicate shall assign a dedicated Agent to each member to facilitate the delivery of their benefits.
– The assigned Agent shall serve as the primary point of contact for members and shall ensure the timely and effective delivery of benefits.
– The Syndicate shall monitor and evaluate the quality of benefits provided to ensure they meet the needs and expectations of members.
Benefit Changes:
- The Syndicate reserves the right to modify or update membership benefits from time to time.
- Changes to benefits shall be communicated to members in a timely and transparent manner.
Dispute Resolution:
- Any disputes or concerns regarding membership benefits shall be addressed through the Syndicate’s dispute resolution process.
The assigned Agent shall be responsible for:
- Welcoming new members and explaining their benefits
- Providing ongoing support and assistance
- Facilitating access to benefits and services
- Resolving any issues or concerns promptly- Maintaining regular communication with members
By joining the Syndicate, members acknowledge that they have read, understood, and agree to be bound by these Regulations.
BOARD OF DIRECTORS
Click on any title to learn more about each director.
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