GOVERNANCE
Our commitment to sound governance
About / Leadership / Board Members / Governance
We are committed to sound governance principles and applying appropriate business ethics and standards to conduct our affairs and interact with our stakeholders.
The Board Members ensure that good corporate governance is practised throughout Zeda Limited.
The Board ensures that Zeda Limited complies with all its statutory obligations as specified in the Company’s Memorandum of Incorporation, the South African Companies Act, and all other regulatory requirements, including statutory and regulatory obligations of the jurisdictions in which the Group operates.
The Board endorses the King IV Report on Corporate Governance™ for South Africa, 2016 and recognises the importance of complying with the code’s corporate practices. Download our latest King IV report.
Board of Directors
The size and composition of the Board consider the Company’s Memorandum of Incorporation, applicable legislation, regulatory requirements and King IV.
The Board’s balance and composition considers the needs of the Group and provides an appropriate balance of knowledge, skill and experience to lead Zeda Limited effectively.
The Board comprises two Executive Directors and six Independent Non-Executive Directors. There is an appropriate balance of power and authority on the Board so that no individual has unfettered decision-making powers and no individual dominates its deliberations and decisions.
The Board is responsible for:
- Providing Zeda Limited with a clear strategic direction
- Overseeing the development and implementation of key policies
- Ensuring compliance with all applicable statutory and regulatory requirements
- Approving the Group’s financial objectives and targets
- Ensuring there is adequate succession planning at senior levels
- Reviewing operational performance and management
- Reviewing policies and processes to mitigate risks and ensure effective internal controls