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Our governance practices underpin the way we manage our business and support the successful delivery of our strategy. It guides our ability to operate in a way that is both legally compliant and responsible and is embedded in our day-to-day business operations. We take our governance role seriously and recognise that, as guardian of our culture, the Board plays a vital role in defining the way in which we do business and leading by example. We pride ourselves on operating in an open, honest, transparent and responsible way that welcomes constructive challenge and debate.

MANAGEMENT INCENTIVE / EXECUTIVE COMPENSATION LINKED TO ESG METRICS

Towards further ensuring that the Company’s sustainability goals are advanced, Management is held accountable for the achievement of these goals, with executive compensation tied in with the managing of identified material Environmental, Social & Governance (ESG) issues.

To this end, 40% of their Key Performance Indicators (KPIs) are  aligned with the Group’s top 5 material issues. The ESG metrics used to determine executive compensation include:

ESG Metric Performance indicator
Product Quality and Safety 
Customer complaint rate
Occupational Health & Safety  
Occupational accident rate
Human Rights and Labour Practices 
Social ethical audit scoring 
Carbon Emission
Scope 1 & 2 emission audit 
Talent Retention
Top performing turnover rate 

In FY2022, in tandem with the Group’s commitment to address climate change issue aggressively, carbon emission reduction incorporated as a Group KPI and will also be associated with executive compensation.

TAX PRINCIPLES & STRATEGY

Top Glove has outlined clear and sustainable tax strategies, articulating the following commitments:

A. Compliance with the spirit as well as the letter of the tax laws and regulations in countries in which we operate

B. Not to transfer value created to low tax jurisdictions

C. Not to use tax structures without commercial substance

D. Undertaking of transfer pricing using the arm’s length principle

E. Not to use secrecy jurisdictions or so-called “tax havens” for tax avoidance

F. The tax policy to be approved and overseen by the Board of Directors

MANAGEMENT SYSTEM & PRODUCT CERTIFICATION

As the world’s largest manufacturer of gloves, Top Glove is committed to demonstrate our top quality, environmental and safety performance in order to drive continuous improvement across our manufacturing business. We uphold our commitment towards Environmental, Social and Governance aspects through certifying our factories with various management system and product certification.
Below is the list of our applicable management system and product certification.
a. Management System Certification 

No Type of Management System Certification Year of Certifiedsince
1 ISO 13485 Quality Management System for Medical Device 1999
2 HACCP Hazard Analysis Critical Control Point 2005
3 ISO 9001 Quality Management System 2005
4 ISO 14001 Environmental Management System 2012
5 ISO 37001 Anti Bribery Management System 2017
6 MDSAP Medical Device Single Audit Program 2018
7 ISO 18788 Security Operational Management System 2019
8 BRC British Retail Consortium 2019
9 ISO 27001 Information Security Management System 2020
10 FSC Forest Stewardship Council 2020
11 ISO 45001 Occupational & Health and Safety Management System 2021
12 ISO 22716 Good Manufacturing Practices for Cosmetics 2021

b. Product Certification

No Type of Product Certification
1 USA FDA 510K
2 Malaysia Rubber Board SMG Certificate
3 Malaysia JAKIM Halal Certificate
4 SGS UK EU MDD 93/42/EEC CE
5 SATRA EC Type Examination Certificate
6 Health Canada Medical Device License
7 Canada CGSB Certificate
8 Malaysia Medical Device Registration Certificate
9 China Registration Certificate for Medical Device, NMPA
10 Japan Registration Certificate of Foreign Medical Device Manufacturer
11 Russia Registration Certificate for a Medical Device
12 Saudi Arabia Medical Device Marketing Authorization