The Lottery Corporation has bolstered its governance framework with a comprehensive set of policies and practices designed to ensure ethical and lawful business conduct. The company’s principal ESG development focuses on governance, with detailed policies and practices in place to manage risks, ensure compliance, and promote transparency.
Material actions and disclosures
The Lottery Corporation has implemented a Code of Conduct setting out standards of behavior for employees, Directors, and contractors. This is complemented by a Whistleblower Policy and framework designed to encourage and support eligible whistleblowers to speak up about actual or suspected misconduct or improper state of affairs. Additionally, the company has an Anti-Bribery and Anti-Corruption Policy prohibiting all forms of bribery, facilitation payments, and fraud.
The company also has a diversity policy and measurable objectives for achieving gender diversity in the composition of the board, senior executives, and workforce. It has a process for periodically evaluating the performance of the board, its committees, and individual directors. Furthermore, the company has an Inclusion and Belonging Policy to foster an inclusive culture and promote diversity.
The Lottery Corporation’s Market Disclosure Policy ensures timely, accurate, and balanced disclosure in accordance with its obligations. The company also has a Securities Trading Policy to support compliance with insider trading laws and protect the company’s reputation. An External Auditor Independence Policy is in place to ensure the independence of the external auditor.
The company’s governance framework includes a Risk & Compliance Committee and an Audit Committee, both of which operate under charters approved by the Board. The Risk & Compliance Committee oversees the Group’s material risk exposures and adherence to the risk appetite set by the Board, while the Audit Committee oversees the integrity of the Group’s internal control framework and financial reporting processes.
The company’s governance practices are also supported by an Internal Audit function, which provides independent and objective assurance to management and the Audit Committee. The company has a Continuous Disclosure Committee consisting of certain Senior Leadership Team members to monitor and review relevant issues as required.
The Lottery Corporation’s governance framework is designed to instil a culture of acting lawfully, ethically, and responsibly, as well as to safeguard the integrity of corporate reports. The company’s governance policies and practices are disclosed in its Corporate Governance Statement and Sustainability Report, available on the company’s website.
These actions and disclosures reflect The Lottery Corporation’s commitment to robust governance practices and transparency, ensuring that the company operates with integrity and accountability.