CORPORATE GOVERNANCE

Code of Ethics

The board has adopted a code aimed at creating a culture of the highest standards of ethics and uncompromising honesty among all employees throughout the group. The code is founded on the principles of integrity, good faith, impartiality, openness and accountability. Available to all staff members on our intranet, it forms an integral part of the induction programme and all new employees agree to subscribe to the code.

The code is comprehensive in nature, clearly outlining the full obligations of every member of staff in their dealings with fellow employees, customers, suppliers, competitors, shareholders and society at large.

It requires inter alia:

conformance with all laws and regulations;
disclosure of any gifts offered or received and which must be within prescribed financial parameters;
disclosure of any direct or indirect conflict of interest;
that no bribes be accepted or proffered;
reporting of any unethical or harmful behaviour; and
compliance with all of the group’s standards and procedures, including the computer usage policy.

Sound processes are in place to manage any deviations from this code.

No donations are made to political parties