Gillette_India_Limited_AR_20

Annual Report 2019-20 20 Gillette India Limited 3. Governance related to Business Responsibility Your Company operates within the spirit and letter of the law, maintaining high ethical standards wherever we conduct business. We believe that good governance practices contribute to better results for stakeholders. We maintain governance principles, policies and practices that support management accountability. These are in the best interest of the Company, our shareholders and all stakeholders, and they are consistent with the Company’s Purpose, Values and Principles . The Corporate Social Responsibility Committee and the Board of Directors assess the Business responsibility performance annually. The Business Responsibility Report is issued annually along with the Annual Report of the Company. The Business Responsibility Report can be viewed at in.pg.com . SECTION E: PRINCIPLE-WISE PERFORMANCE Principle 1: Ethics, Transparency and Accountability Your Company is committed to being a good corporate citizen and doing the right thing. Our Purpose, Values and Principles (PVPs) are the foundation of the Company. Our objective is to create industry- leading value by maintaining and enhancing our strong corporate reputation through a strong ethics and compliance culture. We operate within the spirit and letter of the law, maintaining high ethical standards wherever we conduct business. Our Purpose is to improve consumers’ lives in small but meaningful ways, and it inspires your Company to make a positive contribution every day. Our Values of Integrity, Leadership, Ownership, Passion for Winning, and Trust shape how we work with each other and with our partners. We believe that good governance practices contribute to better results for Shareholders. We maintain governance principles, policies and practices that support management accountability. These are in the best interest of the Company and our Shareholders, and they are consistent with the Company’s PVPs. Your Company reinforces responsibilities on all its employees, of observing high standards of Corporate Governance through the Company’s Worldwide Business Conduct Manual which sets forth management’s commitment to conduct its business affairs with high ethical standards. The Sustainability Guidelines for external business partners explain the global standards to be followed by the external business partners in their daily business activities on behalf of the Company. External business partners and their suppliers are expected to share your Company’s commitment to these standards. Your Company being a part of the Procter & Gamble group has in place a Whistle Blower Policy as laid down in its Worldwide Business Conduct Manual. Any employee or other interested person can call on the Worldwide Business Conduct Helpline, twenty-four hours a day, seven days aweek, to report any concerns about violations of the Company’s Worldwide Business Conduct Standards. TheWorldwide Business Conduct Helpline is not staffed or monitored by the Company personnel. All calls can be completed anonymous if the caller desires. The Helpline can take calls in most languages spoken by employees around the world. Calls made to the Helpline are reported to the Company’s Corporate Security, Global Internal audit and Legal personnel, who will ensure appropriate investigation and follow-up of all calls. Callers are given a confidential identification number so they can inquire about the status of their reported concerns. The Worldwide Business Conduct Helpline is accessible to all employees. In compliance with the requirement under the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and Section 177 of the Companies Act, 2013 and the Rules made thereunder, the Company has adopted the Whistle Blower Policy as the vigilance mechanism for Directors and employees to report concerns or grievances such as unethical behaviour, actual or suspected fraud or violation of the Company’s code of conduct or ethics policy. The Audit Committee oversees the vigil mechanism and cases reported alongwith the status report and action taken (if any) are reported to the Committee. During the Financial Year, 7 complaints were received, which are dealt with in accordance with the Worldwide Business Conduct Manual. Principle 2 : Safety and Sustainability throughout the life cycle In order to improve lives, now and for generations to come, we ensure that our products, packaging and operations are safe for employees, consumers and the environment. We ensure this with a focus on technologies, processes and improvements that matter for the environment. Product quality and safety are of the utmost importance to your Company. Our customers choose your Company because we provide products of superior quality and value that improve the lives of the world’s consumers. Just as we provide