FGV Annual Report 2014

1. Ethics and Integrity • Code of Ethics and Conduct for Employees The Group has Code of Ethics and Conduct for Employees (the Code), which sets out the principles to guide its employees in carrying out their duties and responsibilities to the highest standards of personal and corporate integrity. The Code covers areas such as compliance, integrity, conduct in the workplace, business conduct, protection of the Group’s assets, confidentiality and conflict of interest. The Code is available to all employees via the Group’s internal portal. • Integrity Initiatives As one of the signatories to the Corporate Integrity Pledge with the Malaysian Anti-Corruption Commission (MACC), the Group is committed to enhance its business environment by emphasising on transparency, integrity and good governance. In 2014, the Group has undertaken the following integrity awareness initiatives: • Integrity Awareness road show tour program • Integrity Plan was launched on 27 January 2014 • Integrity Portal was launched on 27 January 2014 FGV Group has also extended its integrity initiative to its partners by implementing a group-wide Integrity Pact. This pact requires registered vendors and contractors to sign a pledge to uphold integrity principles in their dealings with the Group. As at 31 December 2014, a total of 7,151 registered vendors have signed the Integrity Pact. • Whistleblowing Policy and Procedures FGV Group has a Whistleblowing Policy and Procedures that serves as an official channel for its employees to raise their concerns in a secure and confidential manner. 2. Authority and Responsibility • Organisation Structure The Group organises its operations into six (6) business Clusters supported by corporate centres at FGV level. The organisation structure provides clear lines of reporting and functions which promotes ownership, accountability and forms the basis for delegation of authority and responsibility. • Group Discretionary Authority Limits (DAL) Consistent with the spirit of continually enhancing the internal control, the Group DAL was reviewed and updated to promote organisational efficiency while ensuring that it is aligned to the Board’s risk appetite. The Board approved the revised DAL on 20 January 2015. • Job Description/Role Charter Each role in the organisation structure is supported by clear description of the job responsibilities which are linked to the vision and goals of the Group. With clarity of responsibilities and relationship between functions, collaboration across the Group is enhanced to move the Group towards operational efficiency. 3. Competency As an organisation that views its employees as invaluable assets, FGV Group is committed to its employees personal and professional development at all levels. In sync with the Group’s continual improvement culture, the Group has developed several programmes to ensure adequate supply of skilled and knowledgeable workforce, which would then be groomed to take on leadership positions, for strong, sustainable and balanced growth. The programmes are holistic in nature, aiming to enhance both professional and behavioural competencies by incorporating elements such as integrity, governance as well as the Group’s core values P-R-I-D-E. The programmes available are as follows: a. Leadership Development Programme These programmes aim to ensure that FGV Group has a strong leadership succession plan to meet future leadership demands of the Group. The programmes offered are: • The Green Talent Global Leaders Programme • Senior Management Development Programme b. Trainee Programmes These programmes are designed for fresh graduates in an effort to provide continuous supply of high calibre talents to the Group. The programmes are as follows: • Management Trainee Programme • Accountant Trainee Programme • Cadetship in Plantation Management • Cadetship in Palm Oil Mill Engineering Programme c. Others • Certificate in Planting Industry Management This programme is for non-executive new recruits, designed to equip them with essential skills and knowledge in the plantation industry. Felda Global Ventures Holdings Berhad pg 154 STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL