Lynk Capital Markets Ltd’s governance structure is designed with the goal to conduct its business affairs in an ethical and transparent manner and seek to follow accepted principles of good governance, including those set out by its home regulator, the Cayman Islands Monetary Authority (CIMA) in its Statement of Guidance on Corporate Governance.
Lynk continue to review its corporate governance to ensure that it remains commensurate with the size, complexity, nature and scale of our business profile and operations, while taking into account those specific features typical of the fintech industry. The main governing body of Lynk Capital Markets Ltd is its Board of Directors (“Board”) who is assisted by management and operational committees. The Board oversees and seeks to ensure that the corporate governance framework is effective and seek to ensure effective governance within the organization in order to support the sustainability, good outcomes and growth of the Company’s business and benefits employees, shareholders and overall stakeholders.
Internal Controls, Compliance and Risk Management
Lynk Capital Markets Ltd believes that proper management of risks contributes to the creation of value and the development of the business, and provides an adequate balance between growth, performance and risk. Lynk Capital Markets Ltd have identified different categories of risks (including legal/regulatory, financial and reputational), Lynk continuously review the risk and controls environment and conduct certain measures in order to detect, mitigate, monitor and manage Lynk Capital Markets Ltd’s exposure to such risks. These activities includes, but is not limited to risk identification and assessment, segregation of duties, effective information and communication and ongoing evaluation of its control environment.
The compliance and risk assessment duties within Lynk Capital Markets Ltd are allocated as follows:
- The Board reviews and provides guidance on the corporate strategy, being responsible for monitoring the managerial performance and achieving an adequate return for shareholders. It prevents conflicts of interest and acts in an informed and independent basis, while also overseeing the risk management policies to ensure that the Company is compliant with all applicable laws and regulations.
- The Board, in fulfilling its responsibility for general oversight of the regulatory and compliance framework of the Company, receives reporting regarding the Compliance team’s review and monitoring of clients’ compliance requirements. Additionally, the Board reviews and monitors the conduct of the compliance management framework and its implementation.
- The CEO, Legal Team and Compliance Team regularly meet to consider the analysis of key legal/regulatory, financial and reputational risks related to key business opportunities with clients or partners prior to formally approving them, in accordance with the firm’s risk management policies and practices. These policies establish the principles for the identifying, evaluating, managing and reporting the risks that could affect the success of Lynk Capital Markets Ltd.
- From a pure Anti-Money Laundering (AML) perspective, Lynk Capital Markets Ltd have appointed an Anti-Money Laundering Compliance Officer, a Money Laundering Reporting Officer and a Deputy Money Laundering Reporting Officer, in accordance with the applicable laws and regulations.
Corporate Governance for Regulated Entities (Oct 2023), Guidance relating to Corporate Governance (April 2023)