Group Overview Financials Other information Sustainability and Governance Operation and Financial Review Annual Report 2024 51 CORPORATE GOVERNANCE A risk governance structure outlines the roles and responsibilities of the Directors, Management, Heads of Department and Operating Units in supporting the ERM policy and programmes and mitigating risks in business strategies and operations. Regular communications and close collaboration with employees on the ERM framework have also helped to heighten awareness of risks and exposures and foster a resilient corporate culture. The ERM framework and system are maintained by the ERM team, who works closely with the risk owners and the managers to conduct quarterly risk assessments on the overall effectiveness of risk control measures. The ERM team monitors the progress of the ERM Action Plan, which contains the risk mitigation measures, and reports significant risks and exposures to the AC & RMC and the Board for action. In 2024, the following risks were identified, managed and monitored: • Strategic Risks – Strategic Planning, Communication and Investor Relations • Operational Risks – Productivity and Product Quality, Pests and Plant Diseases, Occupational Health and Safety, Resource Availability, Social Conflicts, Natural Disasters, Information Technology • Compliance Risks – Land Ownership, Tax Compliance and Environmental Compliance • Financial Risks – Credit Defaults, Liquidity and Capital Adequacy, Economic Uncertainty SHAREHOLDER RIGHTS AND ENGAGEMENT PRINCIPLE 11: Shareholder Rights and Conduct of General Meetings PRINCIPLE 12: Engagement with Shareholders The Company is fully committed to treat all shareholders fairly and equitably. All shareholders enjoy specific rights under the Company’s Constitution, relevant laws and regulations. Additionally, the Company ensures that all material information is disclosed on a comprehensive, accurate and timely basis via SGXNet, and where appropriate, through mainstream news media via press releases. Such information is also posted on the Company’s Investor Relations (“IR”) website at https://investor.indofoodagri.com/ and disseminated by email to subscribers who sign up on the website for news alerts. The IR website is a key source of investor related information, including presentation slides of financial results, annual and sustainability reports, shares and dividend information and factsheets. The Company recognises that the release of timely, regular and relevant information regarding the Group’s performance, progress and prospects aids shareholders in their investment decisions. The Company regularly communicates important corporate developments and announcements, such as mergers and acquisitions, to analysts and shareholders through meetings and conference calls. The Management also engages the investing community either individually or as a group in dialogues, roadshows and investment forums to facilitate their understanding of the Company’s business model and strategies. The Company is committed to communicating regularly with its shareholders. It also conducts meetings and conference calls to engage with analysts and shareholders, and to share its business strategies, operational and financial results and business outlook with them. These engagements were attended by Board and Management representatives. The Group publishes an annual Sustainability Report, which describes in detail its engagement and relationship with material stakeholders. The Company also communicates regularly with stakeholders through its corporate website. Dividend Policy The Company is committed to rewarding shareholders fairly and sustainably. The Board aims to maintain a balance between meeting the shareholders’ expectation for dividend returns and capital management. While it does not have a formal dividend policy, the frequency and amount of dividends, if any, will depend on the Group’s financial performance, liquidity and cash flow generation, projected capital requirements for business growth, business prospects, economic outlook and other factors deemed appropriate by the Board, in ensuring that the Company’s best interests are served. The Board endeavors to maintain a balance between meeting shareholders’ expectations and prudent capital management. For the financial year ended 31 December 2024, the Board has proposed a first and final dividend of S$0.01 per ordinary share, subject to shareholders’ approval at the forthcoming AGM.
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