FGV Annual Report 2014

• Reward Right FGV believes that its people should be fairly rewarded and recognised – not only based on their work performance but also by other aspects such as innovation, creativity and their behaviour at work. For this, the Group has upgraded its performance management structure by incorporating all these elements into an overall performance scoring system, which will determine the appropriate rewards to be given to employees. Our rewards philosophy covers total remuneration, which includes basic salary, benefits, short-term variable bonus and long-term incentive plans. FGV Core Values FGV also believes on the importance of having a balanced and harmonious work environment to keep the employees highly engaged. We strive to ensure our employees live our core values in their daily lives, in line with our aspiration of building a high performance culture. Our core values are made up of five essential guiding principles, known as P.R.I.D.E, which stands for the following: Partnership: Best solutions and ideas come from working with both colleagues (internal) and business partners (external); Respect: Our sustained success and achievements can only come from respect for people (colleagues, peers and business partners), as well as the environment, which is the main source of our business; Integrity: Integrity is about trust, honesty and sincerity. In the context of FGV, it means being responsible and accountable for one’s own actions and behaviours. Each employee is responsible for the Group’s success and business reputation; Dynamism: Strive to discover, create ideas and identify growth potential from uncharted opportunities and beyond traditional boundaries, all done in the best interest of our stakeholders and communities; Enthusiasm: Strive to lead with passion and work with enthusiasm. We are enthusiastic about what we do, committed to the growth and future of our agri-business, while at the same time, propagating sustainable development around the world. Introduction Performance Highlights About FGV Reports Financial Statements Others Strategy and Value Creation Performance Review & Progress Foreword to Shareholders Annual General Meeting Annual Report 2014 pg 97