Value Creation Is The Bedrock Of Our Business ANNUAL INTEGRATED REPORT 2022 79 Sustainability Review FGV is committed to the highest levels of corporate governance by adopting best practices and upholding our standards at all levels of leadership and operations in the organisation. To this end, FGV has established a Group Governance and Integrity Framework, which serves as the overarching system by which we are governed. Supporting the Group Governance and Integrity Framework is a myriad of policies, including the Code of Ethics and Conduct which sets the expected standards for the Board and employees, establishes terms of reference and limits of authority that delineate the roles and authority of the Board and the Management and contains statements of expected values, policies and procedures for key routine activities, processes and subject matter. Various enhancements to the policy documents forming the Group Governance and Integrity Framework were undertaken during the year to maintain its relevance to FGV’s business operations. Efforts were also focused on strengthening governance in areas related to sustainability through which higher standards were adopted in FGV’s policies and procedures on related matters. Established in 2021, the Board Sustainability Committee continues to support the Board’s focus and emphasis on FGV’s sustainability agenda. The Board Sustainability Committee assists the Board in fulfilling its oversight responsibilities in relation to the Group’s sustainability objectives, policies and practices. FGV continues its drive to enhance ethics and integrity by constantly keeping ourselves abreast with the latest updates and practices. This is materialised by adhering to compliance, engaging the right expertise, evaluating and enhancing our policies to stay relevant. We are also committed to engaging with our employees to strengthen awareness, especially through FGV’s Integrity Pledge. PROGRESS AND ACHIEVEMENTS GOING FORWARD FGV will continue to emphasise good governance to provide the overarching guidance that will manage the environmental, social and economic risks and opportunities associated with our business operations. We will ensure integrity is ingrained and upheld in all that we do to continue to build trust among our stakeholders. More information on Sustainability Governance and Board Sustainability Committee Report can be found in the Corporate Governance Overview Statement on pages 126 to 160. GOVERNANCE, ETHICS AND INTEGRITY WHY IT IS IMPORTANT Upholding good corporate governance is vital for the sustainability of any business organisation. The practice of good corporate governance through policies and processes will enable an organisation to continuously navigate towards business excellence.
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