The Remuneration policy for Aquilla Nummus Ltd was approved at the Annual General Meeting held on October 27, 2017. The policy reflects the Company's objectives for good corporate governance as well as sustained long-term value creation for shareholders.
The Remuneration policy and practices are designed by the Senior Management of the Company with the involvement of the Compliance Officer. Where necessary risk analysis is conducted by the latter so that adequate controls are designed and implemented towards specific high risk employees to ensure safeguards are in place and potential misconduct is mitigated.
Aquilla Nummus Ltd is not offering CFDs or other speculative products, nor is dealing on own account and is therefore not exposed to the conflict of interest where the Company is profiting from losses made by the Client. The interests of our clients are aligned with the Interests of the Company as we are licensed to offer the investment services of Portfolio Management. However, we take the interest of the Company’s Clients as a priority and via the application of the present policy we promote strict alliance of the Company’s and the Clients’ interests through the remuneration practices established.
Our Remuneration policies and practices are aligned with the effective conflicts of interest management duties and conduct of business risk management obligations and their aim is to ensure that our Client’s interests are best protected where effective corporate governance is promoted.
The Company’s Remuneration policy, practices and systems are approved by the Board of Directors with the advice and assistance of the Company’s Compliance Officer. The Remuneration Policy is binding for the Company’s Board of Directors. Any departure from the policy shall be recorded and reasoned in the Board's minutes.
The Policy, the Remuneration system and their practical operation shall be reviewed by the Board of Directors on a regular basis, at least once a year and shall be amended if necessary.
The Management of the Company shall ensure that any changes to the Policy are properly communicated, documented and implemented.