IT governance IT is an integral part of RCL Foods’s business and is fundamental to the support, growth and sustainability of the Group. IT within the Group is directed by a dedicated IT director and the overall responsibility for IT governance lies with the Board. Through the IT strategy, the IT roadmap is aligned to the Group’s business objectives to ensure that IT consistently enables sustainable value driven solutions and services to the Group. The Group has adopted Control Objectives for Information and Related Technology (COBIT) as a guideline for establishing and maintaining effective internal controls, including compliance, continuity management and risk. An IT Project Portfolio Management (PPM) tool is in place to align and structure processes to better measure and manage the overall IT portfolio by ensuring that appropriate project management principles are applied to all new IT projects. These frameworks and associated IT policies and standards ensure that IT risks within the Group are minimised. The IT risk management process is included into the Group combined assurance process. Back up and disaster recovery plans over key financial systems have been formalised and are tested on a regular basis.
Internal Audit performed an assessment of IT governance processes against best practice principles as espoused in King III which confirmed that the maturity of the Group’s IT processes are largely aligned to its desired maturity levels. The Group’s current focus is on enhancing its IT platform to deliver greater value and efficiency.