Investor Information

Overview

Bounty Brands is a diversified, high growth, multinational consumer brands business.

We identify and acquire leading brands and profitable businesses at a fair price and then deliver organic and synergistic growth through:

  • a professional management team,
  • proven take-on integration programmes
  • rigorous financial risk management and corporate governance
  • established demand management strategy to improve mental and physical availability
  • professional shared services support
  • portfolio improvement and value creation plans to deliver sustainable growth.

Corporate Governance

Bounty Brands is a diversified, high growth, multinational consumer brands business.

Bounty is a UK-domiciled group with operations and employees in South Africa and Central and Eastern Europe. We therefore subscribe to the spirit of good corporate governance as outlined in both the UK's Corporate Governance Code and South Africa's King Report on Corporate Governance. The Board is implementing the principles of these codes and will report formally to shareholders on their application in the Company's 2018 annual report.

You can read more about Bounty's culture and view our related policies and procedures via the links on these pages.

 

Leadership

 

The Board is responsible for setting strategic direction with the aim of delivering sustainable shareholder value.

The Board comprises two Executive Directors and three Non-Executive Directors, two of whom – Chris Bull, the Chairman, and Domenic De Lorenzo, the Senior Independent Non-Executive Director, are independent non-executives.

The Non-Executive Directors have a vital role in ensuring that the strategies proposed by the Executive Directors are appropriately discussed and constructively challenged. They help scrutinise the performance of management against the agreed goals and strategic objectives of the Board. They furthermore monitor the integrity of the Company’s financial information,
systems of risk control and management. In addition, they are responsible for considering and approving executive remuneration.

The Board meets regularly in London with six scheduled meetings in person each year. At least six additional meetings are held where the Board meets via video-conference, plus ad-hoc
meetings when necessary.

The Board has adopted a formal charter which details the scope of its authority, and areas of responsibility, including:

  • strategy and management
  • financial reporting and controls
  • shareholder communications
  • executive remuneration
  • corporate and capital structure
  • material contracts
  • Board and other senior management appointments and membership of Board committees
  • corporate governance procedures and other Group policies

Board committees

 

The Board is supported in discharging its duties by its committees, each of which comprise a majority of non-executive directors. The responsibilities of each committee are set out in their respective terms of reference, which are approved by the Board and available below.

Audit Committee

Chairman:
Domenic De Lorenzo
Members:
Chris Bull, Nissim Ohayon, Tea Colaianni.
Invitees:
The CEO, CFO, external auditor, internal auditor and key management attend meetings by invitation.
Purpose:
The Committee is principally responsible for overseeing the integrity of the group’s financial statements, risk management initiatives and monitoring the effectiveness of internal controls.

Nomination Committee

Chairman:
Chris Bull
Members:
Domenic De Lorenzo, Stef Rabe, Nissim Ohayon, Tea Colaianni.
Purpose:
The committee is principally responsible for making recommendations in relation to Board composition and succession planning for the Board and senior executives.

Remuneration Committee

Chairman:
Tea Colaianni
Members:
Chris Bull, Domenic De Lorenzo, Stef Rabe, Nissim Ohayon.
Purpose:
The committee is principally responsible for setting the remuneration policy for directors, senior executives and employees within the Bounty group.

Audit Committee

 

Chairman:
Domenic De Lorenzo
Members:
Chris Bull, Peter Spinks, Nissim Ohayon.
Invitees:
The CEO, external auditor, internal auditor and key management attend meetings by invitation.
Purpose:
The Committee is principally responsible for overseeing the integrity of the group’s financial statements, risk management initiatives and monitoring the effectiveness of internal controls.

Nomination Committee

 

Chairman:
Chris Bull
Members:
Domenic De Lorenzo, Stef Rabe, Nissim Ohayon.
Purpose:
The committee is principally responsible for making recommendations in relation to Board composition and succession planning for the Board and senior executives.

Remuneration Committee

 

Chairman:
Chris Bull
Members:
Domenic De Lorenzo, Stef Rabe, Nissim Ohayon
Purpose:
The committee is principally responsible for setting the remuneration policy for directors, senior executives and employees within the Bounty group.

Culture, Conduct & Ethics

 

The Board’s commitment to strong corporate governance and good ethical practice permeates the Group.

The Company has issued group-wide compliance policies and procedures to which all employees are expected to adhere.

 

Download the Group’s relevant policies

 

Modern Slavery
Insider Dealing
Anti-Bribery and Corruption
Conflicts of Interest and Related Party Transactions
Personal Data (English Version)
Personal Data (Polish Version)
 
The Board is committed to continued training and monitoring of compliance in these important areas. It is rolling out training to all employees and is establishing arrangements by which employees of the Company may, raise concerns about possible improprieties or wrongdoing in financial reporting or other matters. The audit committee regularly reviews this arrangement and any issues raised by employees.

Corporate Social Responsibility

 

Bounty Brands operates in the broader context of the community and the environment. It recognises the inter-dependent relationship between the Company and its stakeholders, including its employees.

The Group is implementing an Environmental and Social Management System based on international best practice in order to bring consistency to the way the Group oversees and
manages its environmental footprint. We are gathering data on our power and water consumption as well as waste generation so that we can make efficiency improvements and we are working to extend our sustainability ambitions to our network of suppliers. Work is currently under way to quantify and report on our greenhouse gas emissions in 2018.

Bounty is committed to transformation in South Africa and aspires to implementing the principles and goals of Broad-Based Black Economic Empowerment in South Africa. We will report formally on our achievement of these goals in 2018.

Financial Calendar

Financial Results