Media24 King IV Application Report 2024

[featured_image]
Download
Download is available until [expire_date]
  • Version
  • Download 56
  • File Size 208.94 KB
  • File Count 1
  • Create Date June 28, 2024
  • Last Updated June 28, 2024

Media24 King IV Application Report 2024

PRINCIPLE 1: The governing body should lead ethically and effectively. Board members individually and collectively demonstrate integrity, competence, responsibility, accountability, fairness and
transparency to provide effective leadership, which, together with management, assists in achieving strategic objectives. The induction of new directors and ongoing training ensure directors have the necessary knowledge and competence to fulfil their duties. The code of business ethics and conduct, and the speak up policy were reviewed and approved by the Media24 board in
November 2023. These policies are published on the Media24 website.

Adequate information is provided in the board and committee papers. Regular progress reports are provided to board members forthe individual business units. At board meetings, members are updated on new trends. Relevant training requirements are identified and addressed as necessary. The company secretary and general counsel provide professional and independent guidance to the board collectively, and each director individually, on their duties and responsibilities, and draw their attention to relevant legislation and regulations.

Attendance of board and committee meetings indicates the high level of commitment from directors. The board ensures proper disclosure of how it exercises its governance role. The board and its committees monitor financial, environmental, social and governance matters, as well as risks and opportunities.