| Chapter and principle |
Application |
Comments |
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| Chapter 6 – Compliance with laws, rules, codes and standards |
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| The Board should ensure that the Company complies with applicable laws and considers adherence to non-binding rules, codes and standards. |
✓ |
Refer to the legal report here. |
| The Board and each individual director should have a working understanding of the effect of the applicable laws, rules, codes and standards on the Company and its business. |
✓ |
|
| Compliance risk should form an integral part of the Company’s risk management process. |
✓ |
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| The Board should delegate to management the implementation of an effective compliance framework and processes. |
✓ |
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| Chapter 7 – Internal audit |
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| The Board should ensure that there is an effective risk-based internal audit. |
✓ |
Refer to the audit committee report here. |
| Internal audit should follow a risk-based approach to its plan. |
✓ |
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| Internal audit should provide a written assessment of the effectiveness of the Company’s system of internal controls and risk management. |
✓ |
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| The audit committee should be responsible for overseeing internal audit. |
✓ |
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| Internal audit should be strategically positioned to achieve its objectives. |
✓ |
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| Chapter 8 – Governing stakeholder relationships |
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| The Board should appreciate that stakeholders’ perceptions affect a Company’s reputation. |
✓ |
Refer to engaging with our stakeholders here. |
| The Board should delegate to management to proactively deal with stakeholder relationships. |
✓ |
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| The Board should strive to achieve the appropriate balance between its various stakeholder groupings, in the best interests of the Company. |
✓ |
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| Companies should ensure the equitable treatment of shareholders. |
✓ |
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| Transparent and effective communication with stakeholders is essential for building and maintaining their trust and confidence. |
✓ |
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| The Board should ensure that disputes are resolved as effectively, efficiently and expeditiously as possible. |
✓ |
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| Chapter 9 – Integrated reporting and disclosure |
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| The Board should ensure the integrity of the Company’s integrated report. |
✓ |
The audit committee reviews the annual financial statements, and the Integrated Report makes a recommendation to the Board for approval. |
| Sustainability reporting and disclosure should be integrated with the Company’s financial reporting. |
✓ |
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| Sustainability reporting and disclosures should be independently assured. |
✗ |
Refer to note 5. |
