2009_TITAN_CSR_SustainabilityReport__ENG

40 no significant financial assistance was received p

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Unformatted text preview: the organization’s identification and management of performance Processes for evaluating the board’s own performance 4.9 4.10 p. 34­39 The Chairman is a non Executive Member of the Board, p. 34­37 p. 41, p. 10, p. 36 p. 38, 40 Majority of independent Board Members safeguard avoidance of conflicts of interest p. 36­39) ( p. 37­38 p. 2, 5, 13, p. 10, p. 39 p. 38 4.11 Explanation of whether and how the precautionary approach or principle is addressed by the organization TITAN CSR strategy is focused on doing less harm and incorporates a precautionary ap­ proach in facing social and environmental challenges. Construction of the new cement plant in Albania is an indicative example of practicing this principle at all stages of busi­ ness development and decision making (p. 6, 11, 12) 4.12 4.13 4.14 4.15 4.16 4.17 Externally developed economic, environmental, and social charters, principles, or other initiatives Memberships in associations List of stakeholder groups engaged by the organization Basis for identification and selection of stakeholders with whom to engage Approaches to stakeholder engagements Key topics and concerns that have been raised through stakeholder engagement p. 2, 13, 40 p. 9, 24, 38­39 p. 22­25 p. 11 p. 11, 22­25 p. 10­11, 40 Disclosure on Management Approach p. 6, 10­11, EC1 Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earning...
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