Ainsworth Game Technology has 3 main concepts that I have observed.
Employees and Their Workplace:
Ainsworth
values their employees and the environment in which they work. In July
2013 a long term incentive program was introduced within the company for
all employees. Ainsworth is committed to recognizing and rewarding
employees. They also ensure the continued development with all employees
receiving education and training programs throughout the year.
Ainsworth is also constantly reviewing and maintaining workplace health
and safety in order to provide a safe enviroment. They are also
committed to providing a gender diversity by setting a target for female
representation across the Company. This will include an increase of at
least 5% throughout the Senior Management and the rest of the company
and at least 1 female director on the Board of Directors by 2015. To
prevent any sort of unethical behavior the company has implemented a
'Whistleblower' Policy which ensures the protection of individuals who
report unethical behavior or incidents of misconduct.
Globalisation:
Ainsworth
Game Technology is branching out worldwide, with sales extending from
North and South America, New Zealand, South Africa, Asia and many more
countries. Ainsworth has introduced a committee called the Regulatory
and Compliance Committee. One of their jobs is to handle all new and
existing licensing and compliance issues within the Company. This helps
the company to stay on top of any new licensing laws or any compliance
issues that may arise. Having the correct licenses in place is a major
factor in the success of Ainsworth Game Technology.
Efficiency:
In
order to work as efficiently as possible Ainsworth has 2 committees
created to evaluate certain areas of the company. All of these
committees have a unique chairperson appointed specifically. The
Executive Director and the CEO do not head these committees. The
Regulation and Nomination committee is designed to review the CEO based
on certain key performance indicators decided on by the board annually.
Some of these include Financial Performance, Strategic Initiatives,
Staff and Human Relation Matters and Compliance Performance. The
committee will review the CEO throughout the year and report its
findings to the Board at the end of the financial year. The CEO also
reviews several key members of the Senior Management of the company
based on relative contributions to profit, how business is conducted,
people leadership and of course adherence to the company's 'Code of
Conduct'. All of his reviews are then reviewed by the Re-numeration and
Nomination Committee before being presented to the board. The Audit
Committee has the job of reviewing any external auditors that perform
audits on the company. They also meet with the external auditors to
discuss audit plans, fees involved with upcoming audits and any
significant changes to structures, operations, internal controls or
accounting procedures that may hinder any audits throughout the year.
The Audit committee also assesses any risks the company may be faced
with throughout the year. They present their findings and any
recommendations they have to best avoid these risks.
As
you can see Ainsworth Game Technology is committed to increasing its
company's abilities each and every year. From the staff constantly
having access to any training they need to the Senior Directors and
Management constantly under review to ensure everyone is working to the
best of their ability.
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