RWL-CSR-Report-2023-use - Flipbook - Page 43
2-15 Conflicts of
Riwal’s board charter outlines the situations in which conflicts
interest
of Interests for Directors can occur and the expectations from
directors in such situations:
An Executive Director shall not without prior written permission of the Board (with the affirmative vote of the Non-Executive
Directors), accept any other remunerated or non-remunerated
(employment) position, including in an advisory, supervisory or
voluntary capacity. AND
A Director shall immediately report any conflict of interest or
potential conflict of interest that is of material significance to
the Company and/or to the member concerned, to the Chairman and to the other Directors and shall provide all relevant
information, including information concerning his spouse,
registered partner or life companion, (foster) child and relatives by blood or marriage upon the second degree. The Board
(with the affirmative vote of the Non-Executive Directors) shall
decide, without the Director concerned being present, whether
there is a conflict of interest.
2-16 Communication
3 cases of corruption were reported in 2023 in the same coun-
of critical concerns
try. All concerned employees were terminated and a training
plan, including the need for reporting has been put in place to
mitigate future risk.
Employee Code of Conduct
(Page 8 & 9 section Compliance and reporting) and
Business Partner Code of Conduct
(page 6 section Compliance and reporting)
2-17 Collective know-
Omitted
Not applicable
ledge of the highest
governance body
2-18 Evaluation of the
The yearly performance and development goals of the Execu-
performance of the
tive Management Team (including sustainability goals) will be
highest
captured in Riwal’s ‘Success-Factors’ platform and cascaded
governance body
to Holding employees and Country Management Teams.
This process is done every year and includes a mid-year and
an end-year review by the employees’ manager to make sure
goals are achieved and priorities are adjusted when needed.
2-19 Remuneration
Omitted
Confidential
Omitted
Confidential
policies
2-20 Process to
determine remuneration
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