Page 31 - Minerva Foods Sustainability Report 2016

Minerva Foods uses best corporate
pany’s risk (hedge) and nancial policies, an- alyze the economic situation in Brazil and the world and provide information on potential impacts on the Company. e Risk Committee is made up of ve members.
governance
Ethical conduct
grievance mechanisms | G4-DMA Labor practices grievance mechanisms | G4-DMA Investments | G4-DMA Human rights grievance mechanisms | G4-56
Minerva Foods is underpinned by a set of val- ues based on ethical and moral standards, de- scribed in the Ethical Conduct Manual and the Employee Manual – important corporate governance instruments for responsible action. In addition to the Company’s history, the Em- ployee Manual contains information on labor relations, job duties, conduct for access to the Company, quality control, asset security, use of technology and general guidelines.
While the Ethical Conduct Manual highlights fundamental internal principles for conduct and relations with stakeholders, management and respect for the environment and sustain- ability, and instructions on how to report in- stances of breach of conduct. All employees receive both documents upon admission; they also see a presentation on the Company and undergo an assessment and comprehension process related to various themes prior to start- ing work.
In 2016, 4,416 hours of Integration and Inte- gration Refresher training were given, involv- ing 3,564 employees, or rather, 44.5% of all sta , considering industrial units in Brazil. ese training sessions covered all matters re- garding human rights – relevant to the organi- zation’s operations and also spread among the 226 employees that make up the Asset Security Department. e number of hours dedicated to employee training for the year totaled 15,550, of which 3,170 (20.3%) were related to human rights. G4-DMA Security practices | G4-HR2 | G4-HR7
In an e ort to increase channels to communi- cate and relate with stakeholders, in 2016 the Company introduced the Minerva Connection – Minerva Foods Internal Ombudsman. In the rst year, 73 reports were taken.
practices, aligned with the matrix management model, making internal processes dynamic and providing more agility
G4-DMA Environmental
and ef ciency in responding to market demands
Fiscal Council
Independent of management and external audi- tors, the Fiscal Council is, among other things, responsible for overseeing administrative activ- ities, reviewing and analyzing quarterly balance sheets and other nancial statements, verifying compliance with legal and statutory duties and providing shareholders with information on conclusions reached.
is body can by formed at the request of share- holders or pending a decision made at the Share- holders’ Meeting, elected to re-electable terms that last until the next Shareholders’ Meeting, at which time they may be re-elected. is body is made up of at least three and at most ve elected members and by an equal number of alternates, who may or may not be shareholders.
In April 2016, the Fiscal Council was made up of three full members and three alternates, serv- ing until the next Shareholders’ Meeting is held.
Risk Committee
Created in 2007 as a non-statutory body under the Board of Directors (BD), its duty is to advice the CEO and the BD on execution of the Com-
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