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JSE code: EQU

Application of King IV

As a strong proponent for outcome-based corporate governance practices, we align with the principles, practices and governance outcomes contained within the King IV Report, which addresses fundamental governance concerns on a holistic basis.

King IV Policy

Our governance framework

Our Board forms the foundation of our corporate governance system and is accountable and responsible for the performance of the Group. The following principles have been approved by the Board, and together with the charters of each subcommittee, provide the framework for the governance of the Group.

  1. Board of directors

    Executive governance

  2. Audit committee
    • Achieve operational, profitability and liquidity objectives
    • Effective commercial and other stakeholder relations
    • Accurate and timely reporting
  3. Risk and capital committee
    • Effective risk management approach
    • Comply with legislation and governance requirements
    • Optimisation of capital
  4. Investment committee
    • Achieve growth objectives
    • Ensure credibility of investments
  5. Nominations committee
    • Appropriate appointments to the Board
    • Ensure the appropriate size, structure and composition of the Board
  6. Remuneration committee
    • Ensure the fair remuneration of directors
    • Effective policy to help achieve objectives and promote performance
  7. Social, ethics and transformation committee
    • Social mandate to operate
    • Sound reputation and ethics
    • Effective social stakeholder relations
  8. Executive committee
    • Achieve company strategy
    • Achieve growth objectives

Critical elements of governance

We defined seven critical elements of governance when drafting our governance framework, and aggregated these into specific and measurable goals, with areas of responsibility assigned to the Board, the subcommittees or the Executives.

ELEMENT 1

Strategy and management

ELEMENT 2

Governance structures and oversight

ELEMENT 3

Sustainability and resilience

ELEMENT 4

Corporate citizenship framework

ELEMENT 5

Risk and compliance framework

ELEMENT 6

Transparency and disclosure

ELEMENT 7

Ethical leadership and culture

Memberships

Equites is a member of the SA REIT Association and South African Property Owners Association. Three Equites executives hold positions at the SA REIT Association on the Legal & Competition Commission Committee, the Accounting & JSE Committee, and the Marketing & Conferencing Committee, respectively. Through these bodies, the Group is involved in furthering the objectives of good governance and sustainability as it relates to the built environment.

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