FGV Annual Report 2017

ANNUAL INTEGRATED REPORT 2017 UNDERSTANDING OUR BUSINESS CONTEXT 35 OUR HUMAN CAPITAL DEVELOPMENT Management Discussion & Analysis CREATING BETTER LEADERS FGV Academy In line with our Group HR’s Strategy Framework to promote a high-performance culture and support SP20 (V2)’s aspiration of HR excellence, we established the FGV Academy on 31 May 2017 to integrate all our learning and development activities. Group Organisational Learning & Development (GOLD) was tasked with designing, developing and operationalising this full-fledged learning academy by 2019. We envision this academy to: Senior Leadership Programme To enhance our people’s leadership skills, the Senior Leadership Programme (SLP) has been designed to expand participants’ strategic and tactical skills and sharpen their decision making ability to drive operational excellence. This programme encompasses of six modules spread over seven months. It is one of several means to develop talent from within and prepare a solid line-up of successors for the Group’s key positions. In 2017, 29 senior leaders from various departments took part and have since graduated from this programme. MOTIVATING OUR PEOPLE Long Term Incentive Plan 2017 marked the second year of our Long Term Incentive Plan (LTIP), which was established and approved by our Board of Directors in February 2016. A total of 5,342,400 shares have been granted in 2017 to eligible employees based on approved mechanisms. LTIP is one of our incentive tools to reward, retain and motivate employees whose contributions are vital to the Group’s progressive and sustainable growth. It is also in line with our Group HR’s Strategy Framework that aims to drive a high- performance culture. INCULCATING A HIGH-PERFORMANCE CULTURE The realisation of our strategic ambitions relies on a team of highly engaged and dedicated staff. We are committed to enhancing our practices and inculcating them across the Group to ensure alignment to our aspirations. Our immediate focus is to leverage on our resources and talent across borders, helping us stay operationally lean, effective and efficient. Moving forward, our ambition for the FGV Academy is to be a role model for the industry in learning and development. We strive to become an employer of choice that is highly engaged with our employees, and will continue to develop our talent to achieve a high-performance culture throughout the Group. Positively impact our business through revenue growth, cost optimisation, enhanced talent development and closer employee engagements Create a reputation for learning and development to boost our corporate image Establish a human capital development platform that aligns with our mission of ‘Creating Value Through Our Human Capital’