FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 57 DEVELOPING OUR PEOPLE STRENGTHENING OUR HR POLICIES A task force team was set up to review the existing 51 Circulars and 103 Management Directives to keep abreast of best practices in the market. This includes the revision of our Employee Approving Authority (EAA) to ensure accountability across business clusters, corporate centre divisions and subsidiaries. A total of 41 policies have been approved by the FGV Board including three policies related to governance and integrity. These policies relate to: Asset/Personal Interest Declaration Policy (APID Policy) FGV Group implemented the APID Policy since 2007 and was revised and enhanced on 25 August 2016. The APID also ensures that the assets and personal interests are acquired through reasonable legal means within their financial ability and free from conflict of interest situations. Code of Business Conduct and Ethics (COBCE) The FGV Board approved the revised version of our COBCE for Employees, previously known as the Code of Conduct and Ethics, on 25 August 2016. COBCE applies to all FGV employees to ensure employees fully understand their duties and responsibilities towards theGroup. The Code outlines business conduct and ethical business practices and aims to promote compliance with all FGV Group's codes, policies and procedures and applicable laws and regulations. Gift, Entertainment and Hospitality Policy (GEH Policy) The Board approved the Gift, Entertainment and Hospitality Policy (GEH Policy) on 25 August 2016. The policy applies to all FGV Group's Directors, Employees and Advisors to promote integrity and adherence to legal requirements and ethical standards. OUR COMMITMENT TO OUR PEOPLE FGV is committed to the protection of the rights of all our workers regardless of their background. This commitment is made explicit in our policies, which govern our treatment of workers in the following areas: • Human Rights • Responsible Employment • Rights of our Foreign Guest Workers • Sexual Harassment and Violence • Freedom of Expression These topics are discussed in our Sustainability Statement on pages 74-77 where our initiatives in these areas are disclosed in greater detail. MOVING FORWARD Our ambitions are reliant on highly engaged and committed staff. We are committed to continue enhancing our practices, and institutionalise them across the Group to ensure alignment to our aspirations. Our focus is to leverage on resources and talent across borders, and ensure that we remain lean, effective and efficient in our operations. Our plans moving forward include: • Best in Class Talent Management • Integrated Rewards and Recognition programmes • FGV Training Academy • Automated HR System • Dynamic Performance Management MANAGEMENT DISCUSSION & ANALYSIS