COMPANY
Corporate
Governance
Welcome to our Corporate Governance page, where the pivotal role of the Board of Directors comes into focus.
Charged with the responsibility of steering the Company, the Board ensures decisions align with the best interests of both the Company and its shareholders. This involves establishing robust governance structures, processes, and necessary committees. The Board delegates authorities and responsibilities while providing vital resources to management, all aimed at achieving the organization's objectives. There is no relationship between Frigoglass Group and Frigoglass SAIC.
MANAGEMENT TEAM
The Visionary Minds Steering Frigoglass Group
Meet the dynamic leaders steering Frigoglass Group towards innovation and success. Our management team brings a wealth of experience, diverse expertise, and a shared commitment to excellence. With a global perspective and strategic vision, they drive our company to new heights in the cooling solutions industry and glass packaging industry.
BoD COMMITTEES
Board Committees Overview
Frigoglass Group, guided by its Corporate Governance principles, has established four committees: the Strategy & Transformation Committee, the Audit Committee, the Remuneration & Nomination Committee, and the Merger & Acquisitions Committee.
The Committee's primary purposes include strategically guiding the Company and its subsidiaries in alignment with core values and purposes. It approves and monitors informed short and long-term strategies, considering risks and opportunities. The Committee advises the Board and supports management in reviewing the Company's and the Group's strategic plans, the skills and capabilities of the leadership team, organizational structure, and systems necessary for implementing changes within the framework appropriate to meet the Board's plans and stakeholders' objectives. The Committee comprises at least four (4) members.
The Committee's primary purpose is to assist the Board in fulfilling its legal and fiduciary obligations concerning matters related to the accounting, auditing, financial reporting, and internal control and risk management functions of the Company and its subsidiaries. The Committee comprises at least three (3) members.
The Committee's primary purpose is to develop and review processes related to senior/executive management's remuneration, performance evaluation aligned with the Board's requirements, talent development, and, when necessary, succession plans for key significant roles. Additionally, the Committee oversees processes for assessing and nominating eligible candidates based on suitability criteria for the Company and its subsidiaries. It is empowered to make changes or adjustments to senior/executive management or organizational structure as deemed necessary and appropriate to fulfill the Board's requirements and vision. The Committee comprises at least three (3) members.
The Committee's primary purpose is to review and approve all matters related to material asset disposals or acquisitions by the Company and its subsidiaries. It provides a final recommendation to the Board for consideration in such cases. Additionally, the Committee regularly updates the Board on ongoing or under consideration material asset disposal or acquisition processes. The Committee is composed of at least three (3) members.
CODES & POLICIES
Comprehensive Framework for Responsible Governance
Frigoglass Group upholds a robust framework of Codes & Policies, embodying our commitment to ethical conduct, transparency, and responsible corporate governance.
These policies guide our operations, ensuring adherence to the highest standards in areas ranging from business conduct to environmental responsibility. Explore our comprehensive suite of guidelines, each reflecting our dedication to integrity, sustainability, and legal compliance.
Frigoglass Group Key Codes and Policies
| Code of Business Conduct and Ethics |
The Code of Business Conduct and Ethics is the cornerstone of responsible corporate governance to which Frigoglass Group is dedicated. Approved by the Board of Directors and Management, it establishes a framework for business operations aligned with principles of morality and transparency. Download pdf
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| Speak Up Policy |
Frigoglass's Group Speak Up Policy is crafted to offer support to all individuals associated with the company, including employees (full-time or part-time), contractors, providers, customers, and other stakeholders. This policy is designed for those who believe they have identified violations of company procedures, corruption, or other irregularities. All disclosures made under this policy are handled with utmost confidentiality and sensitivity. |
| Human Rights Policy |
In Frigoglass Group we value our people and our success depends on them. All of our employees should work in a safe, positive and supportive environment with the highest ethical standards to support and safeguard their rights. Download pdf
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| Quality Policy |
At Frigoglass Group, our quality policy is dedicated to delivering maximum value to both internal and external customers. |
| Environmental Policy |
For Frigoglass Group, environmental responsibility is a fundamental part of its sustainable business development and an inextricable part of its Corporate Social Responsibility. Download pdf
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| Health and Safety Policy |
At Frigoglass Group, occupational health and safety (OH&S) is a fundamental principle that concerns all our operations worldwide. Download pdf
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| Data Protection Policy (GDPR) |
The Data Protection Policy sets out how our organisation protects personal data. It is a set of principles, rules and guidelines that ensure ongoing compliance with data protection laws. Download pdf
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| Cyber Security Policy |
The Cyber Security Policy creates an on premise, outsource and remote environment within Frigoglass that maintains system security, data integrity and privacy by preventing unauthorized access to data and misuse of, damage to, or loss of data. |
| Anti-corruption & Anti-bribery Policy |
Frigoglass Group does not tolerate bribery or corruption in any form. The Anti-bribery & Anti-corruption Policy explains our responsibility to comply with anti-bribery and anti-corruption laws around the world and to ensure that any third parties that we engage with or acts on our behalf, does the same. |
Internal Audit
The Internal Audit Unit operates independently, reporting directly to the Audit Committee, regarding its activities. Its core responsibility is to ensure that all operations align with the rules and procedures of the Internal Audit System (IAS). The unit monitors top management decisions, identifying potential deficiencies that may pose uncontrollable and unacceptable risks, impede growth opportunities, or result in inefficient resource use.
The Internal Audit Unit is staffed with well-trained professionals who are experienced in carrying out tasks related to the evaluation of the adequacy and effectiveness of the Corporate Governance framework and the IAS.
In order to function effectively, the Internal Audit Unit maintains its independence in terms of its reporting lines and activities. The Internal Audit Unit provides independent and objective audit and consulting services, which add value and improve the operation of the IAS. A systematic risk-based approach ensures the identification of IAS shortcomings and the implementation of appropriate corrective actions, ultimately contributing to improved Corporate Governance procedures.
Risk Management
Our approach to risk management is dedicated to developing and coordinating processes and procedures.
Risk management plays a crucial role in keeping senior executives and the Board of Directors informed about all risks the Company encounters.
The Board of Directors actively monitors our exposure to enterprise risks, prioritizing stability, minimal operational disruption, and sustained Company growth.
COMPLIANCE
Committed to compliance principles
Frigoglass Group is dedicated to adhering to the prevailing legal and regulatory framework, both locally and in the countries where it operates, by establishing and implementing robust compliance principles.
You have the option to submit reports regarding possible breaches of regulations, our Code of Business Conduct & Ethics, or our policies using our Speak Up service online. Rest assured that your report will be handled with the utmost confidentiality.
SUSTAINABILITY
Sustainability Strategy
Our focus on quality, innovation, and ethical practices drives economic growth, environmental responsibility, community engagement, and a progressive workplace. Guided by Net Zero commitments, we prioritize emission reduction, energy efficiency, and social well-being, contributing to a sustainable and resilient future.