PGHH_AR_2020

Annual Report 2019-20 50 Procter & Gamble Hygiene and Health Care Limited measures and processes to protect its personnel and assets. Internal Auditor During the Financial Year, the Board of Directors had appointed Mr. Raj Lekhwani, Chartered Accountant as the Internal Auditor of the Company for the Financial Year 2019-20. Internal Controls & their adequacy Your Company continues to prioritize sustainable control processes that are integral part of organization Culture. It has built strong Internal Controls Environment and Risk Assessment / Management systems. These systems enable Company to comply with Internal Company policies, procedures, standard guidelines and local laws to help protect Company’s assets and confidential information against financial losses and unauthorized use. The robust controls environment at your Company is efficiently managed through: ● Controls Self-Assessments (CSAs) are performed during October to December period of every Financial Year across business processes. The purpose of this thorough exercise is to review and evaluate process compliances against standard Control objective, activities and attributes. This enables the Company to proactively identify control weaknesses and initiate actions to sustainably mitigate them. ● Stewardship and Global Internal Audit (GIA) Reviews led by a team of three independent fulltime Internal Controls experts, their role is to ensure that all key processes i.e. selling, revenue, distribution, trade & marketing spends, vendor payments, and plant operations are reviewed and assessed at appropriate intervals. The observations and findings are shared with senior management for implementing quality action plans to strengthen overall controls environment in these processes. The assessments of High risks and SOX Compliance areas are assessed by an independent internal audit department lead by the Company’s Global Internal Audit team. This team comprises of certified internal controls process experts and have experiences across different markets that the company operates in. The action taken by the management to correct the processes is then reviewed and reported appropriately. ● Governance Board comprises of the Managing Director, Group Chief Financial Officer, Chief Human Resource Officer, Supply Chain Leader and General Counsel. The Board assesses and reviews enterprise level risks and works with process owners and functional managers to ensure that corrective action is taken, and risk is mitigated as appropriate. HR Initiatives Your Company operates in a highly competitive environment vis-à-vis attracting the best talent for its operations and therefore the human resources management function has assumed vital importance in the Company. Your Company focuses on attracting, motivating and retaining the best talent. Its people systems like talent supply, performance management and talent development are robust and competitive. We have put in place robust HR programs to ensure that the organization is geared up to deliver the future. Attracting & Retaining Talent: India continues to be a key source for Global talent and an Employer of Choice in India. Given our build from within strategy and our focus on our core campus programs coupled with our innovative programs ensures we continue to be an Employer of Choice in our Core Campuses and beyond. We implemented a virtual internship this year for all our interns. We are ranked in the Top 10 Employers in the Annual Nielsen Campus Survey. Developing Talent: Our policies on leadership pipeline, talent planning, mentoring and diversity & inclusion policies continue to ensure that we attract and retain the best talent. Our New hires into the company are given a thorough on- boarding through our ‘GetIn Program’ and ‘SPARK- Sales New Hire Program’ to ensure that they are early contributors in their roles and feel valued. We have onboarded and empowered our new hires towards success using a virtual App based Onboarding program this year. Building organization capability continues to be a key focus area for us. Your Company’s performance management system is robust and drives the employees to perform at their PEAK. It clearly assesses and differentiates employees on the basis of performance. We have established a CARE program to build the capability of our people managers. With our focus on inclusive development, we were recognized by Working Mothers Magazine as one of the Best Companies for Women in India. We have a robust talent management process to ensure we build world class leaders. This is supported by a strong Learning & Development program, leveraging internal and external experts to ensure our people are exposed and learn from the very best. The number of employees as on June 30, 2020 was 424.