The board of directors recognises that good corporate governance is essential to protect the interests of all stakeholders, and the sustainability of the business. Business is conducted in accordance with the principles of openness, integrity and accountability, as advocated in the King Code of Governance for South Africa, 2009 (the King III Report). The board is committed to applying and enforcing appropriate corporate governance principles, policies and practices within each of the Group’s operations. Ultimately, the board is the focal point of the Group’s corporate governance system, and is accountable and responsible for ensuring compliance with King III.
The board regularly reviews the Group’s organisational structures and corporate governance procedures and implements measures to ensure continued compliance with good corporate governance practices. Through this process, all stakeholders can be assured that the Group is being managed according to prudently determined risk parameters and in compliance with generally accepted corporate practices.
Overall governance structure
For more information about Omnia and corporate governance, go to our full corporate governance report (PDF - 137KB).