As the following graphic illustrates, our Board and its committees are responsible for the strategic direction of the Group and for financial and fiduciary oversight. The Executive Committee, under the leadership of the CEO, is responsible for the day-to-day management of the Group.

In line with changing realities and the amended strategies and plans that were developed in response to the pandemic, we have extensively strengthened and expanded all our internal governance structures, especially those relating to the efficient functioning of the Executive Committee. This process was specifically designed to support the focus and direction of the business in the post-COVID-19 pandemic operating environment.

In addition to our internal governance structures, ACSA is linked to three international governance institutions, all of which operate on a global, regional, and national level. The following graphic illustrates the channels through which these institutions operate on all three levels.

FOCUS AREAS

Good corporate governance is about ethical, transparent, and effective leadership. We create enabling structures within which our leadership, management and staff can operate to the benefit of all our stakeholders. Areas of focus are clearly defined, as is accountability for all deliverables. In every aspect of our business, we aim to foster an ethical culture characterised by the highest standards of professionalism and our leadership is committed to setting an example of this in its attitude, mindset, and behaviour.

Our areas of focus and accountability for each area are outlined in full in our Governance and Remuneration Report.

OUR GOVERNANCE STRUCTURE

FOCUS AREAS

OUR PERFORMANCE