King IV Principle:
The governing body should lead ethically and effectively.
Application of Principle:
The Board has approved a code of conduct and ensures that its own and management’s conduct set the example for how Putprop’s values are enshrined in all of its activities. Measures are in place to ensure that all Board members have sufficient working knowledge of the Group, its industry, and all key laws, rules, regulations, codes and standards.
The Board further operates under an approved Charter, which regulates the way business is conducted in line with the principles of sound corporate governance. The Charter details the powers of the Board and provides that the Board has ultimate accountability and responsibility for the Group’s performance and affairs.