CORPORATE GOVERNANCE​
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Our governance provides the foundation for our many actions leading to sustainable value creation. We continue to balance the pursuit of top-line and bottom-line growth with capital efficiency. Our science- and consumer-driven innovations meet fast-changing consumer needs. At the same time, we use our scale, resources, and expertise to create shared value for all our stakeholders.
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The Board of Directors is led by the company’s President and Chief Executive Officer, Jiri Cerny, along with board members Thomas Manino, Nancy Ohara, Yuchiro Sato, and Daren Wong.
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In 2021, we set forth our plans to support and accelerate the transition to regenerative systems and work with partners who protect and restore the environment, improve the livelihoods of their workers, and enhance the well-being of all communities. This engagement ties in with our prior commitments and our company purpose to unlock the power of food to enhance quality of life for everyone, today and for generations to come.
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Our diverse Board of Directors is engaged to oversee the direction of our company. Since 2020, we have strengthened the Board through the addition of six new independent directors with diverse experience and expertise directly relevant to Aliatta Group, for example, with respect to systems, food and beverage, digitalization, technologies, and other topics.
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In 2021, our board created a separate, dedicated sustainability committee to advise on all aspects of our environmental and social sustainability. In particular, the Sustainability Committee oversees our response to climate change, our human rights due diligence program, and our strategies for diversity and inclusion.
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Our Chair and Corporate Governance Committee regularly review aspects of our governance, as well as our asset and liability management and other risk management topics. Our Nomination Committee, chaired by our Lead Independent Director, evaluates board composition, performance, structure, and succession planning. It assesses candidates for nomination to the board.
Our Compensation Committee ensures alignment of our remuneration systems with our values, strategies, and performance. In 2021, it implemented a set of ESG-related KPIs for the Executive Board.
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Our Audit Committee oversees internal and external audit, financial reporting, internal controls, compliance, and risk management. It reviews reports regarding compliance, fraud, enterprise risk management, and the group's annual risk assessment.