Enterprise governance and compliance

Competitive governance and compliance

Nedbank Group has incorporated competitive governance and compliance practices as core strategic imperatives for the sustainable development of the organisation. Our governance and compliance philosophy recognises the importance of ensuring continual adherence to legislative, regulatory and supervisory requirements as a critical part of effective risk management and sound enterprise governance.

Enterprise governance is at the heart of the operations of Nedbank Group and strategically links good governance to effective performance management. The Nedbank Group Enterprise Governance and Compliance framework ensures a consistent focus on day-to-day governance requirements without losing sight of the long-term growth and profitability of the group. Add to this our commitment to proactive compliance with regulatory statutes and standards, and well-governed, regularly monitored internal policies and procedures, and the group boasts a governance and compliance approach that is not only industry-leading, but also highly enabling for the whole of Nedbank Group.

Group Executive: Governance and Compliance, Adv Selby Baqwa, serves as a member of the Nedbank Group Executive Committee and reports directly to the Chief Executive. He also has direct access to the Chairman of the Nedbank Group Board.

He is supported by an extensive network of cluster governance and compliance officers, all of whom work closely with Enterprise Governance and Compliance in implementing projects, fulfilling monitoring and training requirements and creating a governance and compliance culture throughout the group.