STAKEHOLDER ENGAGEMENT

Engaging with our stakeholders informs our decision making and is key to delivering our strategy in the long term​.

Customers

• We seek to build long term stable relationships with our customers.
• Our products are generally bespoke for specific customers and are designed and tested in partnership with those customers.
• Our products often have long lifecycles and our customers provide us with stable revenues.
• Through research and development, we seek to offer customers regular upgrades and improvements to the products we offer.
• We operate according to strict anti-corruption and anti-bribery policies.

Suppliers

• The Group has a stable supplier base and seeks to build long term relationships.
• The Group seeks local suppliers to fulfil its requirements.
• Many of our suppliers are critical to the manufacture of specific parts.
• The Group works closely with its suppliers to ensure quality and delivery standards.
• We operate according to strict anti-corruption and anti-bribery policies.

Employees

• We provide a broad range of roles in design, manufacture, sales and administration.
• We have both formal and informal communication processes.
• We recruit, train and develop staff solely on the basis of ability.
• Our employees generally reflect the ethnic diversity of the local population close to each plant.
• We operate in accordance with local laws, customs and with due regard for human rights.

Group operating companies

• The Board has overall responsibility for the control and management of Group strategy and performance.
• Each division has its own autonomous management team, financial systems and controls. Only demonstrably Group-wide activities are managed at the Group head office.
• The Board has established a framework of controls encompassing procedures applicable to all businesses that are subject to executive review.
• Each operating division operates its own accounting systems, internal controls and manages its own risks.

Shareholders

• We seek to provide shareholders with informative and comprehensive communications.
• We seek to publish results promptly, usually within 10 weeks for year end results and 5 weeks for interim results.
• The Executive Board members meet regularly with our key investors to discuss Group performance and to hear their views.
• Board members make themselves available to meet with shareholders and potential investors when requested.

Communities

• Our staff profiles mirror the diversity of the local communities around each plant.
• We seek to use local suppliers where possible.
• The local environment is important to us and we take care to keep our waste to a minimum.
• Our employees are active in their local communities and contribute time and money to local charities.