Governance, ethics and compliance structures
The board receives assurance on the group’s compliance with applicable laws, regulations, codes and standards from reports of the chairmen of board committees which have a delegated duty to monitor the legislative and regulatory framework and the group’s adherence to the applicable laws, regulations, codes and standards. Compliance is a regular item on the agenda of these board committees and management regularly submits a compliance evaluation report.
The board of directors has satisfied itself that the group has complied during the period under review, in all material respects, with King III and the Code as well as the Listings Requirements of the JSE Limited (JSE). The group utilises the Governance Assessment.