Corporate governance report

Corporate governance report Full integrated report

The Santam board views governance as being key to the long-term success of the group and is ultimately responsible for ensuring that corporate governance standards are set and implemented throughout the group. Santam regularly reviews its governance structures and processes to reflect best practice and to facilitate effective leadership, corporate citizenship and sustainability, thereby supporting the group’s business strategy.

Board of directors

View the profiles of Santam’s board of directors at 27 February 2019.

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Executive management

View the profiles of Santam’s board of directors at 27 February 2019.

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Governance statement of commitment and approach

Santam’s commitment to good governance is formalised in its charters, policies and operating procedures.

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Board charter and accountability

The board is responsible for directing, administering and controlling the affairs of the company in a transparent, fair and responsible manner. Click here to view Santam’s board charter, the broad accountabilities of the Santam board, its composition and an outline of committees.

Responsibility and accountability of directors

Santam’s delegation of authority provides an approval framework to ensure that the company is optimally managed within a decentralised management environment.

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Sustainability and compliance

Santam acknowledges the importance of compliance with its legal, regulatory and ethical obligations and that this affects its operations and accountability to all stakeholders. The board further recognises that there are qualitative issues that influence the company’s ability to create value in the future.

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Board committees and meeting attendance

View details of each committee of the Santam board and activities during the 2018 financial year.

IT governance

IT governance drives accountability, responsibility and the effective management of business information across the group.

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Risk management report

Santam’s board recognises and acknowledges that it is accountable for the establishment and maintenance of an effective risk management system, including the system of internal control.

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