CORPORATE GOVERNANCE
Our comprehensive corporate governance structure provides the backbone for our responsible performance. From oversight of governance practices by our Board of Directors to risk management protocols and procedures embedded throughout the organization, we ensure strict adherence to the highest standards of performance for our business as a whole and the ESG topics that intersect our Company.
We focus on:
CORPORATE GOVERNANCE
ESG GOVERNANCE
Responsible Business
Supply Chain Management
ESG GOVERNANCE
BOARD STATEMENT REGARDING ESG ISSUES
ENVIRONMENT
Our governance practices in the area of environmental sustainability are guided by the Sands ECO360 global sustainability program, which integrates operational standards and procedures across all properties and businesses. Our ESG Committee is responsible for sustainability and climate-related topics, projects and initiatives, and leads the ESG Executive Sponsors, the ESG Steering Committee and the Sustainability team by providing guidance and oversight.
SOCIAL
Governance of our People pillar initiatives in the area of workforce development falls under our Human Resources organization. Our world-class community engagement program Sands Cares, which guides our initiatives to address the health of our community, and our DEI program, are jointly managed by the Vice President of Human Resources and Vice President of Corporate Communications and Community Affairs.
GOVERNANCE
The broad range of checks and balances and practical corporate governance policies and procedures are managed by Sands China’s Legal and Compliance departments, under the leadership of our General Counsel and Company Secretary and Senior Vice President and Chief Compliance Officer. The Company’s ERM program is the responsibility of our ERM Committee, under the review of the Audit Committee on behalf of the Board. Supply chain-related ESG topics and risks are overseen by the Senior Vice President and Chief Financial Officer.
RISK MANAGEMENT
Through a comprehensive system of reporting, controls and mitigation procedures, our ERM process allows us to manage the potential for loss as well as reduced opportunities for gains, which may adversely affect achievement of our Company’s objectives.
The Board of Directors and Audit Committee oversee the setting of the Company’s risk strategies and objectives, including the Company’s ERM process and activity, and overall accountability for the effectiveness thereof. The Audit Committee is charged with monitoring the effectiveness of the ERM process, including reviewing and discussing the Company’s major risk exposures with management. The Audit Committee also assesses the steps management has taken to monitor, control and manage these exposures and evaluates the Company’s risk assessment and risk management guidelines and policies. An ERM Committee, consisting of members of management from various departments, is responsible for assisting the Audit Committee with overseeing the ERM process and its implementation.
Each Committee monitors and addresses risks within the scope of its expertise. Committee members regularly meet with executive leaders responsible for risk management in the areas identified as high risk to engage in ongoing dialogue, review risk audit findings, establish control systems, evaluate progress and assess emerging trends and developments to inform Company action. Development, oversight and execution of the Company’s ERM methodology is the responsibility of our ERM program management team.
RESPONSIBLE BUSINESS
Our effort to ensure responsible and ethical performance throughout the organization begins with the Sands Code of Business Conduct and Ethics, which mandates the overall guiding principles and actions for the entire organization. A robust set of controls and processes reinforces our responsible business approach and is complemented by practices around privacy protection, cybersecurity management and policy advocacy on issues affecting the health of our business.
GUIDING PRINCIPLES
WE RESPECT INDIVIDUALS
WE PROTECT OUR COMPANY AND OUR Investors
WE DO BUSINESS ETHICALLY AND LEGALLY
WE ENHANCE OUR COMMUNITIES
SUPPLY CHAIN MANAGEMENT
Our supply chain is an extension of our Company, and we require our suppliers and the partners who conduct business with Sands China to adhere to the same ethics, values, governance practices and responsible business guidelines that we do internally. From stringent onboarding requirements to ongoing assessment and management, we ensure our ethical and responsible standards are met throughout the supply chain.
