35 Charting the Path to Sustainable Growth Fostering Action on Climate Change Fostering Responsible Supply Chains Fostering an Inclusive Workplace GRI Index Arise IIP | Sustainability Report 2023 Corporate Governance and Business Ethics Conflicts of Interest We place a high priority on ethical conduct and integrity. To this end, the Board of Directors has implemented robust processes aimed at preventing and mitigating conflicts of interest. Central to these efforts is the establishment of a comprehensive Conflict of Interest policy, which requires all board members to regularly disclose their financial interests and affiliations, as and when arise. This policy ensures transparency by providing a clear overview of potential conflicts that may arise. During board meetings and decision-making processes, directors are vigilant in identifying and addressing potential conflicts of interest. If a conflict is identified, directors are required to recuse themselves from discussions or decisions where their personal interests may influence the outcome. This practice ensures that board deliberations remain impartial and focused solely on the best interests of the organization and its stakeholders. Furthermore, to uphold transparency and accountability, minutes of board meetings meticulously document instances where directors recuse themselves due to conflicts of interest. This transparent recordkeeping not only provides a clear overview of the decision-making process but also demonstrates the Board’s commitment to ethical governance practices. As part of their employment, all our personnel have a contractual obligation of loyalty. Accordingly, individuals shall avoid any conflicts of interest. In the same way, where a conflict of interest is identified, we seek to organize its business activities in a manner that avoids such a conflict. “Avoiding” a conflict of interest means individual or organization takes decisions or actions to ensure a conflict of interest does not occur or does not have the potential to occur in the first place. Individuals’ avoidance of conflicts of interest is an important part of maintaining the integrity and sustainability of our business and builds trust and support amongst colleagues and our key stakeholders. We extend our commitment to transparency by disclosing conflicts of interest to stakeholders. Shareholders are provided with comprehensive information, encompassing various aspects such as crossboard memberships, cross-shareholding relationships with suppliers and other stakeholders, the presence of controlling shareholders, and details regarding related parties. This disclosure not only aligns with regulatory requirements but also reflects our dedication to fostering trust and accountability. Our steadfast adherence to these governance processes underscores our commitment to maintaining the highest standards of integrity and ethical conduct, ultimately safeguarding the interests of our stakeholders. All Arise employees and directors of the Group entities shall be trained on conflicts of interest issues and During board meetings and decision-making processes, directors are vigilant in identifying and addressing potential conflicts of interest.
RkJQdWJsaXNoZXIy MTE0OTM0OQ==