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ENTERPRISE GOVERNANCE AND COMPLIANCE REVIEW
Integral to Nedbank Group’s commitment to good governance is compliance with recognised best practice codes. The organisation believes that sound corporate governance ensures that the business operations and conduct of the company are transparent and makes the company accountable to all stakeholders referred to, including employees, clients and shareholders.
Nedbank Group operates within a clearly defined governing framework that sets out all governance and compliance aspects of the organisation. Involving far more than mere compliance with legislation, this governing framework enables Nedbank Group to focus on a number of areas, including:
- Efficiency and profitability within acceptable risk parameters.
- Implementation of the group’s strategy within defined compliance requirements.
- Adherence to ethical and proper corporate behaviours.
- Balancing, within a framework of accountability, the interests of shareholders and other stakeholders who may be affected
by the conduct of directors or executives of the group.
- Prevention of conflicts of interest between the business interests of the group and personal interests of directors or executives.
- Timeous and accurate disclosure of matters that are material to the business or the interests of stakeholders.
- Balance between conformance with governance constraints and an entrepreneurial spirit.
- Achievement of balanced and integrated economic, social, environmental and cultural performance (integrated sustainability)
across the business.
- Efficient and effective functioning of the Enterprisewide Risk Management Framework.
- Compliance with the provisions of the Code of Conduct of the King III Report on Corporate Governance 2009,
all acts and regulations affecting the financial services industry, and the UK Code of Corporate Governance.
Click here to read the full Enterprise governance and compliance report in the 2011 Nedbank Group Integrated Report.
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