Our approach to Corporate Responsibility reflects our strategic objective of being a leader in risk management, governance and business sustainability. We continue to focus on four key areas of non-financial risk.
Our marketplace
We use this term to describe our interactions with our stakeholders as investors both in our company and our products.
Embedded within all aspects of our marketplace are Man's principles for the highest standards of business behaviour – honesty, fairness, transparency and the provision of clear and unbiased information.
Our compliance and risk management disciplines are essential components of the investment management process for investors and in maintaining a high quality, sustainable business for our shareholders.
Overseeing these disciplines is a robust corporate governance framework with responsibility for the overall management and performance of the business as well as the development of strategy and associated policies.
During the financial year there were no material regulatory breaches leading to enforcement action by a regulator.
Our people
Attracting the highest calibre individuals, motivating them to excel, and developing them to progress in their careers is critical to the sustainability of our business. People
Our ongoing commitment to employee welfare is evidenced in the suite of programmes that form part of our CR strategy, which has taken into account responses from employee surveys, for example employees attended workshops addressing health and wellbeing, work/life balance, parenting etc. In addition employees have annual medicals and can make personal choices, e.g. holiday allowances, through our UK flexible benefits schemes. Fostering an environment where employees feel confident in expressing their views is also an essential element of our culture. Corporate Responsibility continues to play a key role in meeting the aspirations of our employees, and engages with them in an open and transparent manner through these programmes. Voluntary staff turnover at Man is low, and has remained stable despite recent difficult trading conditions.
Community
Our engagement with and support of communities both local to Man's offices and further afield is a key differentiator in motivating our staff, attracting new talent and developing a positive culture.
Man's donation to the Man Group plc Charitable Trust and other charities via global offices is based on a formula which guarantees donations of no less than 0.5% of Group pre-tax profits. The Man Group plc Charitable Trust
This year has seen the launch of ManKind, our employee volunteering programme, where all UK employees receive two days paid leave per year to support either charities of their choice or one of the charities supported by the Trust and promoted in a quarterly programme. Employee volunteering levels are increasing, and we look forward to furthur engagement next year as ManKind gains momentum.
We partner with Arrival Education in their Success for Life programme developed to address issues facing young people. Through our management development and training programmes our senior managers are actively engaged in coaching students with the intention of preparing them for success in adulthood.
Our larger offices select an Employee Annual Charity, organising various fundraising activities that are matched by the Trust and global charitable committees. In the UK, employees are encouraged to participate in the Give As You Earn (GAYE) scheme that the Trust matches up to $150 per employee per month.
