Governance, Risk and Compliance (GRC) Committee The GRC Committee is an avenue for Digi’s governance functions to share insights and strengthen effectiveness across the three lines of defense. The GRC Committee consists of the Head of Compliance, Head of Internal Audit, Head of Enterprise Risk Management and Head of Sustainability. The GRC Committee convenes quarterly through the Responsible Business Forum where GRC matters, challenges and solutions are discussed. Significant matters requiring further deliberation are escalated to the CEO and Audit and Risk Committee (ARC) as necessary to ensure prompt resolution. Key functions of the GRC Committee are to: • Provide guidance on GRC matters in alignment with Digi’s corporate governance controls and industry best practices; • Deliberate the adequacy and effectiveness of GRC policies, procedures and initiatives to ensure that enterprise risks are effectively managed; • Promote efficient resource allocation through the holistic oversight of GRC initiatives tominimise overlaps and duplication of effort; and • Assist the CEO and ARC in fulfilling its oversight responsibilities on GRC matters. Corporate Governance Overview Statement Digi Sustainability Governance Framework Digi Board of Directors • Oversee Digi’s Responsible Business Focus and performance of Digi Management Team Digi Management Team • Responsible for sustainable business policies and directions • Oversee responsible business related risks and progress of non-financial KPIs • Provides quarterly updates to the Board via RBF Responsible Business Forum (RBF) RBF is chaired by the CEO. Non-Financial Reporting (NFR) on people, social, and environmental data is collected on an annual basis by the NFR Coordinator and signed off by the CFO Quarterly Reporting Quarterly Reporting Quarterly Reporting Quarterly Reporting Ongoing Reporting Sustainability,Compliance, Supply Chain Management,Health, Safety and People Security, Privacy and Security, Human Resource and Enterprise Risk Management departments • Guided by Digi’s Code of Conduct, policies and manuals, ESG guidelines, international best practices and recommendations • Align to relevant Telenor focuses (e.g.Group Sustainability,Group HSE,Group Compliance, etc.) • Day-to-day management of responsible business principles, risks and issues • Ensure compliance of relevant responsible business related policies and principles Telenor Group Sustainability • Alignment to KPIs and global partnerships • Annual non-financial reporting Governance, Risk and Compliance (GRC) Committee The GRC Committee provides a platform for governance functions across Digi to deliberate significant GRC matters and subsequently formulate appropriate responses to address them. The Committee meets on a quarterly basis and is chaired by the Compliance Officer 97 Integrated Annual Report 2021 Governance Audited Financial Statements Other Information
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