Heritage Foods Limited

Governance Our Corporate Governance philosophy stems from our belief that corporate governance is an integral element in improving e ffi ciency and growth, and enhancing investor con fi dence. We believe that sustainable corporate growth emanates from the top down through the organization to various stakeholders which is re fl ected in its sound fi nancial system, enhanced market reputation and improved e ffi ciency. Board Diversity The Board has a balanced one-tier system with productive combination of Executive and Non-Executive Directors, including independent professionals. It has a judicious mix of experience, competence and sound, aiming to provide real value, working from a position of integrity and transparency in the most e ffi cient and e ff ective way, representing and protecting the interest of shareholders. Code of Conduct We adopted a Code of Conduct for our Directors and senior management, which lays down the principles and standards to govern the actions of the Company and its employees. The Code expects all members to act in accordance with the highest standards of personal and professional integrity, honesty and ethical conduct. Risk Management We have established a comprehensive risk management system to facilitate the ful fi llment of our strategies and objectives, ensuring that risks are identi fi ed, analyzed, assessed, managed and controlled systematically. Risk management is a process driven by our Board and assisted by the Risk Management Committee, which reviews and monitors the e ff ectiveness of our processes, in accordance with corporate governance requirements. Cyber Security We have a dedicated Information & Security policy to ensure that all the information assets including data, computer systems and IT equipment are adequately and consistently protected from damage, inappropriate alteration, loss and unauthorized use or access. Based on this policy, we have established procedures to meet regulatory and statutory requirements pertaining to information collection, storage, processing, transmittal and disclosure. CORPORATE OVERVIEW 29 th Annual Report 2020-21 | 37 Our Approach towards ESG