Organisational governance
Strong corporate governance is an essential part of minimising the risks faced by the group. Corporate governance and risk management not only enhance sustainability of the group, but are essential to preserving organisational reputation, investor confidence, access to capital when required and sustainable employee motivation.
Ethics
Ethical issues are managed by way of executive involvement in day-to-day management processes
The group has adopted a code of ethics
4
meetings
Committed to principles
- Corporate discipline
- Transparency
- Independence
- Accountability
- Fairness
- Employment equity
- Social responsibility
93%
attendance
by members
Board of directors
Composition
10
directors
5
executives
5
non-executive and independent
2
female
Key roles and functions
CEO
The CEO assumes ultimate responsibility for all executive issues
CFO
The CFO assumes responsibility for the group's financial position and related issues
Lead independent director
The lead independent director provides leadership to the independent directors, and liaises with the CEO on behalf of the independent directors
Committees
| Audit and Risk |
Monitors the risk profile, reviews and approves financial statements and monitors, supervises and facilitates the work performed by independence of internal and external auditors |
| 3 non-executive and independent |
| 3 meetings |
| 100% attendance by members |
| Social and Ethics |
Monitors the group's activities relating to any relevant legislation affecting the group's activities and prevailing codes of best practice |
| 2 non-executive and independent |
| 2 executives |
| 2 meetings |
| 100% attendance by members |
| Remuneration |
Recommendations on the broad framework and cost of executive remuneration are made annually to the committee for approval |
| 2 non-executive and independent |
| 1 executive |
| 3 decisions made by round robin resolutions |