We are fully committed to upholding the highest standards of corporate governance and transparent reporting, which is essential for creating value sustainably over the long term.
The focus of the Board is to ensure that strategy, sustainability, risk and performance considerations are appropriately balanced and effectively integrated into all we do. The Board approved a delegation of authority framework (DAF) to provide for the various authority levels across the Company and its subsidiaries.
In terms of human rights, labour, the environment, and our anti-corruption efforts, we apply the United Nations Global Compact (UNGC) principles.
The following principles and requirements guide our approach to reporting and corporate governance:
- The International Financial Reporting Standards (IFRS)
- International <IR> Framework of the International Integrated Reporting Council (IIRC)
- Global Reporting Initiative (GRI) standards for sustainability reporting
- King IV™ Report on Corporate Governance for South Africa, 2016 (King IV™)
- Recommendations of the IIRC and the Integrated Reporting Council of South Africa (IRCSA)
- ASX Corporate Governance Principles and Recommendations (Fourth Edition)
- JSE Listings Requirements
- South African Companies Act 71 of 2008 (Companies Act)
- ASX Listings Rules
- United Nations Global Compact (UNGC) principles
- International Finance Corporation (IFC) performance standards