governance - woolworths holdings limited

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operating environment. Financial and treasury risks are managed through policies and procedures approved by the audit committee. Risk, manifested through HIV/AIDS, crime and security and business continuity, is managed through well defined policies and procedures. relationships and reporting Communication The group acknowledges its obligation to stakeholders to present a comprehensive, objective and balanced assessment of its performance.This is achieved through periodic discussion of relevant information internally and externally via different channels of communication, which include electronic media and presentations to focus groups of the investment community. Employee communication and participation Woolworths believes in broad communication on issues of importance to employees and the business to create and promote a culture of regular, honest and open internal communication so that staff will understand the business objectives and know how to live the brand values. Woolworths engages with employees in a variety of consultative forums to encourage a participatory approach on matters of joint interest. Diversity Woolworths believes in a diverse workforce and embraces the principles of employment equity to achieve an appropriate balance for the group. The group has demonstrated its commitment to employment equity by adopting a diversity statement forming the basis for implementation. Corporate social responsibility Woolworths is committed to the economic, environmental and social development of the communities in which it operates. Financial and non-financial contributions are made through a social investment programme. These contributions not only seek to support communities, but to develop and empower them to become self-sustainable. Woolworths' philosophy with regard to corporate social investment is that people help people, therefore, the involvement of our employees in these programmes forms an integral part of the company's sustainability and development effort. Details of social investment activities of Woolworths are summarised in the chief executive officer's report. w oolwor t hs 53 annual report
corporate <strong>governance</strong> Environment The group recognises that its operational activities have an impact on the environment and has adopted an environmental strategy aimed at reducing the detrimental impact our processes and products on the environment. The details of the environmental activities are contained in the chief executive officer's report. Occupational health and safety Woolworths is committed to an integrated occupational health and safety programme which enables monitoring and effective measuring of compliance and supports a safe working environment. Ethical and moral behaviour The group is committed to the highest levels of professionalism and organisational integrity in its business dealings with stakeholders. A code of ethics, informed by the principles, norms and values that the group promotes for the guidance and conduct of business activities and internal and external relations, has been formally adopted. Employees and suppliers are required to adhere to these defined standards of behaviour in all their business dealings. country road Country Road observes the highest standards of corporate <strong>governance</strong> and has established codes and procedures to govern the conduct of its activities and people in accordance with Australian standards. Country Road operates its own audit and remuneration committees in which directors of Woolworths Holdings Limited are represented, the details of which are contained in that group's financial statements. A code of conduct sets out the principles and standards to be met and emphasises that all officers and employees are expected to act in accordance with the law and the highest standards of propriety. w oolwor t hs 54 annual report
Page 1 and 2: corporate governance Directors’ s
Page 3 and 4: The main objectives of the committe
Page 5: • the maintenance of proper accou

governance - woolworths holdings limited

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