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respond appropriately to relevant issues may have adverse
financial, reputational or other consequences for the Company.
As a result, Savola Group is committed to contributing to the
overall quality of life wherever it operates and to use resources
responsibly to preserve the environment. The Board wants
communities to count on Savola’s help in charitable and other
community activities.
4)
Mechanisms to Resolve Disputes and Complaints of Stakeholders
In the event where a complaint or dispute may arise between the stakeholder and Savola
Group other than employees, the stakeholder should contact Savola’s Board Secretary or
any other person designated by the Company. Once the Board Secretary or the designated
person is notified, the concern shall be forwarded to the Audit Committee for direction,
and appropriate actions and decisions shall be made in this regard. The Audit Committee
shall ensure that corrective action is taken or recommended in order to adequately resolve
the issue in a manner that guarantees fair investigations and actions. The Company may
also develop additional detailed policies and procedures, along with the established
policy, to ensure the effective implementation.
If a dispute arises between Savola Group and any of its employees, the Grievance
Committee established by Savola Group for this purpose shall handle all cases in line with
the Company’s grievance policy, along with the established policy, to ensure the effective
implementation. Where the resolution is not satisfactory to the respective parties, the case
could be referred to the RNC. In conducting the necessary investigations, the Committee
shall also take into account conflicts of interest and avoid them, in the light of the existing
policy of grievances and escalation mechanisms within the Group.
5)
Review and Amendments of this Policy
To ensure that Savola Group operates in a manner consistent with this policy, the Board
shall, periodically, conduct a review and assess for the effectiveness and adequacy of this
policy and amend it when needed.
2)
Reporting Non-Compliant Practices
The Board shall, upon the proposal of the Audit Committee, establish the necessary
policies or procedures to be followed by stakeholders, including those who submit
complaints or report infringing practices, taking into account Article 84 of the CG
Regulations issued by the CMA
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.
3)
Employee Incentives and Remuneration Policy
Savola Group is keen to motivate its employees and treat them fairly in the light of this
policy and its human resource policies, which guarantee the employee a mechanism for
development and promotion without discrimination or bias, as the Company develops
programs to develop and motivate the participation and performance of its employees. In
the light of this, the RNC shall review the salary scale specified for all employees and
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The whistleblowing policy and procedures have been approved by the Board at its meeting on 2/11/2017.
