FIMA CORPORATION SUSTAINABILITY REPORT 2018

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S U S TA I N A B I L I T Y R e p o r t 38
SUSTAINABILITY REPORT 2018
SUSTAINABILITY
GOVERNANCE
Many of our activities are highly regulated by laws and regulations
relating to health, safety, environment and community impacts. We are
committed to complying with the laws and regulations of the countries
in which we conduct business and, where applicable, to exceeding legal
and other requirements that are less stringent than our own because
we believe high governance standards are integral to creating long-term
value and maintaining our social licence to operate.
Our Board governs the Company and oversees our sustainability
approach with dedicated Board committees assisting with oversight
and monitoring. Each committee has its own Terms of Reference setting
out its roles and responsibilities. The Group Sustainability Committee
steers our sustainability activities and is presently chaired by the Senior
Independent Non-Executive Director of the Company and reflects
all areas of the Group. At management level, the Heads of Division
comprises the Group’s most senior executives. There is a delegations
of authority framework that clearly outlines those matters delegated to
the Managing Director and other members of senior management. In
addition, ad-hoc committees are established to deal with particular sets
of ongoing issues.
The business units are also responsible for adapting sustainability
strategies to their operating needs, as well as providing the resources
needed for its implementation. They align their
brands and technologies, and the sites involved, to
sustainability in line with the specific challenges and
priorities of their business portfolio.
The Corporate Governance Overview section of
this Annual Report and our website at .
fimacorp.com/corporate-governance sets out our
principles and policies in more detail.