IT Governance

IT governance is another key area of responsibility under the purview of the Hayleys Fabric Board. The Board discharges its duty for IT governance assisted by the Hayleys Group IT Department for policy formulation, developing the IT roadmap and budgets as well as for strengthening information security oversight. The Hayleys Group Head of IT functions as the CISO and the Data Protection Officer for the Hayleys Fabric Group as well. At an operational level, the responsibility for maintaining the IT infrastructure, and implementing IT policies comes under the purview of the Hayleys Fabric Group IT Head.

The Five Domains of IT Governance

IT governance is a critical component of organizational success, ensuring that technology aligns with business objectives while safeguarding operational integrity. The five key domains of IT governance include:

  • Policy Formulation: Establishing clear IT policies to guide decision-making and ensure compliance.
  • Developing & Monitoring IT Roadmap and Budget: Creating and overseeing strategic plans and budgets to align IT initiatives with organizational goals.
  • Strengthening IT Security: Safeguarding systems and data against potential threats to maintain confidentiality and integrity.
  • Maintaining IT Infrastructure: Ensuring robust, scalable, and reliable IT systems to support business operations.
  • IT Policy Implementation: Translating strategic policies into actionable processes and practices for consistent execution.

HR Governance

The Board plays a key role in ensuring Hayleys Fabric and its subsidiaries – South Asia Textiles Limited and Hayleys Fabric Solutions Limited are equipped with the manpower to support the achievement of the short-, medium- and long-term objectives. Matters relating to compliance and policy implementation are managed centrally under the stewardship of the Director HR & Admin – Hayleys Textile Cluster. The Director HR & Admin works with the HR Manager at each factory to ensure compliance with all applicable labour laws and provide oversight for the implementation of the Hayleys Group policy framework pertaining to human capital matters.

Stakeholder Engagement

The Hayleys Fabric Board recognises the importance of maintaining positive stakeholder relationships and has adopted an inclusive approach to engage and interact with the Group’s key stakeholders.