At Lion we take good corporate governance seriously. Because we know that having strong governance and assurance processes helps us achieve sustainable outcomes for the business. It also ensures that our people remain accountable.

We report quarterly on our sustainability performance to our parent company, Kirin Holdings. And our CEO is accountable to the Board for the direction of the business, governance and the implementation of our corporate and sustainability strategies.

The General Counsel and External Relations Director is accountable for sustainability strategies overall, with the Group Supply Chain & Technical (GSCT) Director accountable for the Company’s environmental and responsible sourcing strategies.

Each of our leaders is aware of their delegated responsibilities and are held accountable for effective risk management, specifically:  

  1. Identifying potential risks before they materialise
  2. Putting plans in place to lower the chances of the risk eventuating
  3. Mitigate the effects of the risk should it eventuate

We use a mechanism called a Significant Incident Notification (SIN) for capturing and communicating actual or potential exposures arising from irregular events or transactions.

Our people can call a SIN hotline to report incidents with an expected major or severe impact on the business. The relevant finance director or corporate functional leader is responsible for ensuring that the SIN process is commenced immediately.

Our governance approach is outlined in more detail in the graphic below:

Competition and Consumer Law Compliance

Lion takes its competition and consumer law obligations very seriously. Our comprehensive
training and compliance program includes:

  • Online training modules using hypothetical case studies.
  • The Ropes – Competition and Consumer Law Guide.
  • The Golden Rules – a quick competition and consumer law reference guide.
  • An intranet portal where team members can readily access competition and
    consumer law resource materials.
  • Face-to- face competition and consumer law training and discussion sessions.

 

Lion’s competition and consumer law program compares favourably with AS3806-2006. Compliance Programs Standard, as demonstrated by annual assessments which allow Lion
to update and improve the program as required.

Lion is proud to be a member of a number of organisations across the Tasman that work to promote positive environmental outcomes and sustainable business practices. For a full list of our memberships, please click here.

We are also a member of a range of industry associations. For a full list of our memberships, please click here.