Good Governance

604829952At Inyatsi we subscribe to the tenets of good governance. To that end we have embarked on a corporate renewal agenda that will see us implementing the recommendations of the King Code of Governance Principles for South Africa 2009 (King III ). Our group of companies is led by the Group Board of Directors, however, each subsidiary has its own Board, which is governed by its own Board charter. To lessen the burden on the Board there are three Board committees, namely the Audit Committee, the Remuneration Committee and the IT Steering Committee.

The day-to-day business of the company is seen to by a Competent Executive committee led by the Chief Executive Officer (CEO), who is accountable to the Board. In our bid to align ourselves to the King III code, we recognised that the roles of the Chairman and CEO are separate and accordingly they operate under separate board-approved mandates.

We strive for excellence in governance and to use the words of Oliver Wendell Holmes “the greatest thing in this world is not so much where we stand as in which direction we are moving…”.