Our governance structures, composition and functioning
Our governance structures provide oversight of the activities of The SPAR Group Ltd and its subsidiaries in Southern Africa, Ireland, South West England, Switzerland and Sri Lanka.
These structures adhere to the requirements of the following:
- Companies Act, 71 of 2008, as amended
- JSE Listings Requirements
- King IV Report on Corporate Governance™ for South Africa 2016 (King IV™)
King IV™ introduction
We continue reviewing our governance structures to ensure alignment with King IV™. Our disclosures in terms of King IV™ are fully integrated with our reporting elements – we believe this to be the intent of the code – while also being aligned to the following clusters:
|Principle cluster||More detail|
|Leadership, ethics and corporate citizenship||Chairman’s report (including our reflection on the King IV™ outcomes)|
|Strategy, performance and reporting||Chief Executive Officer’s report and Our strategy, business model and sustainability|
|Governing structures and delegation||Our governance structures, composition and functioning|
|Governance functional areas||Committee reports|
|Stakeholder relationships||Our material relationships|
We use icons throughout this report to indicate evidence of arrangements, focus areas, measurements or future priorities per King IV™ principle. In addition to the information contained in this report, a King IV™ register is available, summarising the principles and providing stakeholders with links and references in support of the principles in one place.