CORPORATE GOVERNANCE

Approach and statement of compliance

The directors of Transpaco are fully committed to upholding the principles of good corporate governance. These include discipline, responsibility, accountability, fairness and transparency. As governance principles and practices evolve globally, so Transpaco reviews current governance principles and practices in the group and incorporates local and international best practice.
Good governance has been a long embedded tenet of daily business, extending beyond regulatory compliance. The directors recognise that the long-term sustainability of the group requires a balance of financial, economic, social and environmental objectives with due consideration to constructive stakeholder involvement. The board therefore aims to ensure that sustainability components form part of all strategic decisions, audits and assessments.

The board’s commitment to responsible corporate citizenship is also evidenced in adherence to the Code of Corporate Practices and Conduct as set out in the King III Report and compliance with the Companies Act. Any instances of non-compliance have been explained as required.

Download Transpaco King III gap analysis here
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