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City of London Investment Group plc (CLIG) recognises that the Group has an overriding obligation to meet the highest standards of corporate responsibility to all stakeholders, including clients, shareholders, employees and the communities in which the Company operates. CLIG maintains detailed policies to achieve this objective, which are overseen by the Group Board.
City of London Investment Group believes that it has a responsibility to care for and protect the environment in which we operate. While CLIG’s activities have a relatively modest direct environmental impact, we recognise that society’s collective challenge to minimise environmental risks necessitates a proactive stance to measure and, wherever commercially possible, improve the overall environmental performance. Of course, an additional benefit to these solutions is a reduction in costs due to decreased usage of energy and materials, which we are happy to pass on to shareholders.
City of London Investment Group recognises that it has responsibilities with respect to both the welfare and development of the group as well as the improvement of the communities in which all group offices are located.
CLIG meets all statutory obligations which apply to the Group’s activities in each of its locations and is additionally committed to maintaining transparent policies in respect of the following:
At 30th June 2019 the gender ratio at Board level was 38% female to 62% male (2018: 25% to 75%).
Of our 73 employees, 34% are female (2018: 36%), including 33% of senior management (2018: 29%), and 35% of the remaining employees (2018: 38%).
As the Group continues to adapt with advancements in technology, changes in culture, and the changing family circumstances of our employees, we try to be fair and flexible while retaining teamwork as one of our core values. To that end we have a working from home policy which applies to all Group employees.
City of London Investment Group is committed to respect all human rights. Our operations and practices relevant to the workplace and community are aligned with the United Nations Universal Declaration of Human Rights.
Learning and Development
Our employees are an asset to us. We recognise and support the importance of encouraging all staff to complete professional qualifications relevant to their role, in order to progress and realise their full potential. We partner with our employees and contribute towards their development by sponsoring their studies and providing study leave. This year we have sponsored employees for their CFA & CMT studies, as well as contributing towards an employee’s Master’s Degree. This is in addition to the usual seminars and conferences our employees attend. Anti-money laundering and Code of Ethics training is provided annually to all staff. Employees also take responsibility for their development via our annual appraisal process, where they are able to discuss further training where they feel it is necessary.
We continue with the CLIG Security Education Programme (CSEP), which is a multi- faceted Cyber Security training program which includes online courses and videos via a web-based portal to allow employees to complete their training from anywhere.
We recognise the value of cross-training across our offices and regularly transfer employees to other offices to obtain experience. We currently have an employee from Philadelphia on a two year Cyber Security assignment at our Singapore office and recently we had a Singapore employee visiting the US office for three weeks of cross-training.
Internal training is available to all employees on all of our products. In addition, we offer awareness sessions on a regular basis to keep employees up to date with relevant aspects of the business. Our induction programme for new employees takes place over a period of weeks and is an ongoing process to ensure new employees settle well into the organisation and are confident carrying out the full scope of their duties.
City of London Investment Group seeks to encourage employees to regularly participate in community support activities across a wide spectrum of causes that encompass both monetary and non-monetary efforts to help raise awareness. In turn, this fosters a culture of leadership, teamwork and appreciation within our firm and community. Our long-term goals include:
2018/2019 Highlights include:
As a matter of policy, CLIG does not make donations to any client related charity, event or activity, or to any political party or candidate.
City of London Investment Group endeavours to conduct its business according to the highest governance standards, providing shareholders with as much transparency and accountability as possible.
City of London Investment Management Group PLC (“CLIG”):
Registered in England and Wales No. 2685257. Registered Office: 77 Gracechurch Street, London, EC3V 0AS, England.
© 2021 City of London Investment Group PLC. All rights reserved.