Section 172 Companies Act 2016 Statement
Directors
Each Director is aware of their directors’ duties with specific reference to section 172(1) (a-f) and if necessary, can seek additional support and advice to ensure that they are aware and know the likely consequences of any decision the company makes in the long term.
Stakeholders
The directors of the company believe it is fundamentally important that the values and principles which guide the company are clearly defined, both internally and externally, in order to ensure that all company activities are implemented in compliance with the relevant laws.
Primo Water Corporation group policies mandate that the Directors serve in a context of fair competition, honesty, integrity, fairness and good faith which would promote the success of the company for the benefit of its members as a whole, having regard to the interests of all its stakeholders: shareholders, workforce, suppliers, customers, lenders, government/tax authorities, pension schemes/trustees, community and environment.
Our employees are fundamental to the attainment of our goals, and we aim to be a responsible employer in our approach to the pay and benefits our employees receive. Our strategy prioritises organic growth through the development and maintenance of strong client relationships. We also value our suppliers and our existing relationships with those suppliers.
We take into consideration the impact of the Company’s operations on the community and environment and our wider societal responsibilities. Our intention is to behave responsibly and ensure that management operates the business in a responsible manner and in accordance with our high standards of business conduct.
The Board undertakes an in-depth review of the Company’s strategy each year, which includes the development of financial budgets, resource planning, and investment decisions, in which the Board takes into consideration the long-term consequences of those decisions on all the Company’s stakeholders.
Our long-term goal is to consolidate our position as a leading provider of home and office water and beverages solutions.
The Board of Directors of the Company consider, both individually and together, that they have acted in the way they consider, in good faith, would be the most likely to promote the success of the Company for the benefit of its members as a whole (having regard to the stakeholders and matters set out in s172(1)(a-f) of the companies Act 2006 in the decisions taken during the year ended 31 December 2019.
Employee Interests
We aim to be a responsible employer in our approach to the pay and benefits our employees receive. These values are embedded in the decisions the Board take, the company’s employee handbook and by virtue of various policy statements covering matters such as health and safety, the environment, modern slavery, bribery and corruption, and gender pay. All these documents are made available to all employees by various including the company online portal.
The company is an equal opportunities employer and maintains company procedures that guarantee all employees equal access to employment opportunities.
The company policy is to facilitate the employment of disabled people, their recruitment, training, career development and promotion, and the retention of employees who become disabled.
The company policies relating to employee involvement continue to be updated in the light of best practice. Employees and their representatives are briefed, consulted and provided with information in a variety of ways designed to ensure that they are kept fully informed about developments in the Group including health and safety and financial performance.
Community and the Environment
We recognise the environmental impact of our use of raw materials including use of energy, water and generation of waste; as well as the use and disposal of our products. We are committed to reducing our impact on the environment and improving internally, through our proactive environmental policies, energy reduction measures and various recycling programmes for our products.
Business Conduct
Everyone working for, including directors, must adhere to the company’s ethical conduct policies. The company’s employees have the right and obligation to report potential violations, by contacting the representatives in the Human Resources department. These reports can be made in person or, either in name or anonymously, by phone or email.
Shareholders
The Board of Directors considers and only approves items of business that would promote the success of the company and acts in the best interests of the company, the company’s immediate shareholders, the ultimate parent company and its stakeholders.