Corporate Governance Framework
A governance framework aligned with leading international standards and best practice.
Corporate Governance Framework
A governance framework aligned with leading international standards and best practice.
Sound corporate governance values will guide the Board in directing, governing, and controlling the Group, while subscribing to the principles of ethical leadership, business, social and environmental sustainability, and stakeholder engagement. Moreover, the Board recognises that through good governance, the Group will have an ethical culture, good performance, effective control, and legitimacy. The Board particularly recognises the need to manage the Group with integrity and provide effective leadership based on an ethical foundation. This includes timely, relevant, and meaningful reporting to stakeholders that provides a proper and objective overview of the Group and its activities, directing the strategy and operations of the company on a sustainable basis, considering the short- and long-term impact of its actions on the economy, society, and the environment.
To serve the interests of shareholders and other stakeholders, the Group’s corporate governance system is subject to ongoing review, assessment, and improvement. The Board proactively adopts governance policies and practices designed to align the interests of the Board and management with those of shareholders and other stakeholders, and to promote the highest standards of ethical behaviour and risk management at every level of the organization.
Corporate governance refers to the allocation of authority and responsibilities by which the business and affairs of the Group are carried out by its Board and management, including how they:
- set the Group’s strategy and objectives;
- ensure adequate resources and oversee personnel;
- operate the business on a day-to-day basis;
- align corporate culture, corporate activities, and behaviour with the expectation that the Group will operate in a safe and sound manner, with integrity and in compliance with applicable laws and regulations and as a good corporate citizen;
- establish control and assurance functions.
The Board of Directors steers and sets the direction of the Group for the realisation of its core purpose and values through its strategy. The Board considers and approves key matters, including acquisitions, disposals, and reporting. The Board is responsible for monitoring NEPI Rockcastle’s operational performance and overseeing the effectiveness of the internal control systems to ensure assets are safeguarded, proper accounting records are maintained, and that the financial information on which business decisions are based, and which is published, is reliable.
With the endorsement of the Board, the Group formalised its Corporate Governance Framework, defining its core driving principles, its Board Charter, the governance of its subsidiaries, and the approach to internal controls and lines of defence embedded in its processes.
Our approach to governance
Corporate governance is key to the Group’s strategy and continues to be a priority in the short, medium, and long term. NEPI Rockcastle actively monitors its compliance with the King IV Report on Corporate Governance in South Africa and with the Dutch Corporate Governance Code. The registers containing the applicable King IV and Dutch principles, along with details on the Group’s compliance with these principles, are updated annually and posted below.