20CORPORATE GOVERNANCE Why This Is Important We are aware that strong corporate governance is crucial in combating bribery and corruption by fostering transparency, accountability, and ethical conduct within Tropicana, ultimately promoting a more trustworthy and sustainable business environment. Our Approach As part of its commitment to good governance and robust risk management, the board established a dedicated board-level risk management and sustainability committee with dedicated terms of reference, which are available on our website. Consequently, we have in place a dedicated risk management and sustainability department to establish, maintain and enhance our risk management and sustainability framework. As part of this, any instance of non-compliance with key laws is communicated immediately and directly to senior management and the board. Detailed disclosure of our corporate governance and risk management framework can be found in the Corporate Governance Statement and Statement on Risk Management and Internal Control (“SORMIC”). Anti-Corruption Tropicana maintains a zero-tolerance policy towards bribery and corruption, steadfast in our commitment to upholding business ethics, transparency, fairness, and integrity across all business practices and relationships, wherever we operate. We are fully aware that any unethical conduct could have a lasting and irreparable impact on our business reputation and trust with stakeholders. Given this, our board maintain direct oversight of our anti-corruption policies and procedures. To this end, we continuously review our bribery and corruption risk assessment to ensure our corruption risk exposure is adequately addressed. Our corruption risk assessment covers all operations. Percentage of business operations and entities assessed for anti-corruption risks for FY2024, FY 2023, and FY 2022 (%) 100% Our risk assessment ensures that our policies and procedures are adequate and that any potential issues are addressed immediately. Potential risks include outbound bribery exposure in securing illicit advantage in commercial deals, government permit/licence applications and as a result of non-compliance with key laws; inbound bribery and fraud, especially concerning procurement and human resource matters; conflict of interest; and vicarious corporate liability arising from our counterparties, intermediaries, agents and contractors as result of non-compliance to local anti-bribery and anti-corruption laws. We have in place a robust anti-corruption framework which includes but is not limited to our code of conduct, anti-bribery and anti-corruption policy, gift policy, procurement policy, and human resource policy and human rights policy to ensure proper due diligence before entering into any deals, segregation of duty in company decision-making process and clear dos and don’ts to prevent any actual and perception of impropriety amongst anyone who is acting for or on behalf of Tropicana. Apart from management’s compliance monitoring, we also rely on an independent review by our internal audit function to ensure continuous compliance. This allows the board to maintain its direct oversight of the company’s anti-corruption framework. CORPORATE GOVERNANCE Goal 16: Peace, Justice & Strong Insitutions Related UNSDGs 170 ANNUAL REPORT 2024
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