GOVERNANCE , COMPLIANCE AND APPOINTMENT PROCESSES OF DIRECTORS
GOVERNANCE SOURCE
Describe the board ’ s oversight of sustainabilityrelated impacts , risks and opportunities , and its process for integrating sustainability issues into the overall governance processes .
The Senwes Group attends to sustainability issues at various levels throughout the organisation . These are mainly :
» By annually reviewing the risk-based rolling strategy , the board considers the group ’ s sustainability at the :
• Board Risk Committee ;
• Social and Ethics Committee ;
• Audit Commitee , which considers the reasons for the group being a going concern .
» The Chairmen of these board committees report to the board and the risk management function drives the strategic process on an annual basis . Refer to the Corporate Governance Report for the mandates and functions of these committees .
The board ensures that material sustainability considerations are integrated by :
• The risk management function , which conducts regular risk and opportunity assessments , evaluations and responses .
• The monthly monitoring of strategy implementation , through budgets , business plans and performance targets at leadership level .
• Setting targets prior to the commencement of the annual financial year and cascading these targets downwards to each business and corporate unit in the Senwes Group with detailed performance metrics on material sustainability issues such as concentration risks in respect of one area or commodity ;
• Continuous stakeholder engagement , disclosure and combined assurance and monitoring of risk trigger responses .
Refer to the Risk Report in the Integrated Report 2022 where the responsibilities for assessing and managing sustainability-related impacts , risks and opportunities are expanded in more detail .
Corporate Governance Report
Risk Report
BOARD COMPOSITION SOURCE
Board independence and competence
The board comprises a mix of independent , non-executive and executive directors and the skillsets and experience of members are diverse . Board members contribute significantly to the strategic directions of the Senwes Group . A strong lead independent non-executive director as vice-chair contributes significantly to board independence .
The Nomination Committee evaluates the skills , competencies and performance of the board annually . It ensures that the correct skills and competencies are available to oversee strategies designed to respond to sustainability-related risks and opportunities .
Corporate Governance Report
ETHICAL BEHAVIOUR
The ethics reporting structure and policy were changed during the year under review . Ethics Policy
During the year under review no incidents of corruption were reported .
During the year , an interactive Ethics Playbook was published that contains ethics plays , the Ethics Code , the Declaration of Conflicts Policy and whistleblowing policies to create continuous awareness of appropriate conduct .
Risk Report
Ethics Playbook
Ethics and Anti-Corruption
An internal ethics office was established and ethics and compliance officers have been appointed at each business and corporate unit throughout the group . The Ethics Office provides advice on ethical and lawful behaviour . Reports are provided to the Ethics and Compliance Committee and in terms of the Conflict of Interests Policy , the declaration of gifts and conflicting interests is done on an electronic platform .
Ethics Playbook
The Senwes Group does not involve itself directly in public policy development and lobbying , but prefers to participate with the sector via Agbiz in government affairs , legislative or economic or social development . The focus for the year under review was supply chain challenges , infrastructure support and maintenance and the expropriation without compensation debate .
CEO Report SUSTAINABILITY REPORT 2022 / 2023
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