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Ethical Leadership and Corporate Citizenship
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Effective leadership based on an ethical foundation
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Responsible corporate citizen
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Effective management of company’s ethics
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Assurance statement on ethics in integrated annual report
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1
BOARDS AND DIRECTORS
The board is the focal point for and custodian of corporate governance
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Strategy, risk, performance and sustainability are inseparable
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Directors act in the best interest of the company
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The chairman of the board is an independent non-executive director
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Framework for the delegation of authority has been established
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2
The board comprises a balance of power,with amajority of non-executive
directors, the majority of who are independent
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Directors are appointed through a formal process
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Formal induction and ongoing training of directors is conducted
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The board is assisted by a competent, suitably qualified and experienced
company secretary
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Regular performance evaluation of the board, its committees and the
individual directors
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3
Appointment of well-structured committees and oversight of key
functions
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An agreed governance framework between the group and its subsidiary
boards is in place
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Directors and executives are fairly and responsibly remunerated
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Remuneration of directors and senior executives is disclosed
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The company’s remuneration policy is approved by its shareholders
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AUDIT COMMITTEE
Effective and independent
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Suitably skilled and experienced independent non-executive directors
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Chaired by an independent non-executive director
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Oversees integrated reporting
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A combined assurance model is applied to improve efficiency in
assurance activities
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Satisfies itself on the expertise, resources and experience of the
company’s finance functions
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Oversees internal audit
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