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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.