Page 32 - Honeywell Annual Report 2021 comm 10 09 v17a.cdr

Corporate Governance Report Cont’d

7. Executive Management Committee

The Executive Management comprises the Executive Directors and Heads of Department of the Core Business Units
of the Company. It meets once a week and is responsible for setting corporate targets, reviewing the Company’s
performance and operational issues and overseeing the affairs of the Company on a day-to-day basis. The Company
acknowledges the importance of diversity, and currently has two (2) women in senior Management positions. As at 31
March 2021, the Executive Management comprised the following members:

Mr. Olanrewaju Bamidele Jaiyeola Managing Director

Mrs. Yewande Giwa Company Secretary

Mr. Mobolaji Fakayode Finance Director

Mr. Ifeanyichukwu Abadom Manufacturing Director

Mr. Tayo Ilori Supply Chain Director

Mr. Oluseye Ogunwole Head, National Sales (Business to Business) B2B

Mr. Narendra Nagarkar Head, National Sales (Business to Customers) B2C

Mr. Babatunde Adebayo Head, Operations, Sagamu Factory

Mrs. Bisi Duduyemi Head, Human Resources

Mr. Gbolaro Olulade Head, Corporate Strategy

8. Performance Evaluation of the Board
The Board has established a system to undertake a formal and rigorous annual evaluation of its own performance, that
of its Committees, the Chairman and individual Directors. The evaluation system includes the criteria and key
performance indicators and targets for the Board, its Committees and each individual Committee member. The
performance evaluation for the financial year was conducted by Messrs. PwC Nigeria.

9. Policies
In line with i ts practice of adhering to best Corporate Governance standards, Honeywell Flour Mills Plc has put
in place several policies which protect the interests of its stakeholders. These in clude:

a. Security Trading Policy

In accordance with Section 14 of the amended Listing Rules of the Nigerian Stock Exchange, Honeywell Flour Mills Plc has
in place a Security Trading Policy.

During the financial year under review, the Directors and employees of the Company complied with the Nigerian Stock
Exchange Rules relating to securities transactions and the provisions of the Company’s policy on insider trading.

World of Possibilities HONEYWELL FLOUR MILLS | ANNUAL REPORT | 2021 33