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Corporate Governance

Cashbuild is committed to embracing good corporate governance practices and subscribes to the philosophy of the Code of Corporate Practices and Conduct as set out in the King III Report, related requirements of the JSE and the International Integrated Reporting Framework by the International Integrated Reporting Council. Cashbuild is furthermore committed to complying with all legislation, regulations and best practices in every country and jurisdiction where it conducts business.


Board Committees


Audit and Risk Commitee

Remuneration Committee

Social and Ethics Committee

IT Governance Committee

Investment Committee

IS Fourie (CC) C I M I M C
HH Hickey M C - M - M
AGW Knock M I C - C -
DSS Lushaba M M M - - -
NV Simamane M M - C - -
WF de Jager M I I M M M
AE Prowse M I I M M M
SA Thoresson M I - - I I
A Van Onselen M I - - I I
CC - Chairman of the Board
CC - Chairperson of the committee
M - Member of the committee
I - Attendance by invitation


In terms of the JSE Listings Requirements, the Company has published its application of King III on its website. There are no material changes to the content of this report compared to the 2016 Integrated Report, other than a greater emphasis on providing additional supplementary information on the Group's strategic direction, risk and sustainability initiatives. Cashbuild also follows the guidelines provided by the International Integrated Reporting Framework in terms of reporting according to the Six Capitals. Cashbuild's Board acknowledges that where it considers it to be in the best interest of the Company, it can adopt a practice different from that recommended in King III, but must explain its decisions. King IV, published in November 2016, has 17 principles with 208 associated principles as opposed to King III's 75 principles. Cashbuild will comply with King IV for the year ending 30 June 2018. Cashbuild endorses and continuously assesses the principles of the Code and, where necessary, tailors these as appropriate to the organisation.

Cashbuild has subscribed to the Institute of Directors Southern Africa's assessment instrument (GAI). For more on GAI, refer to . Application of the GAI provides the stakeholders of the Group with assurance that the principles of good governance as laid out in King III have been applied, as evidenced by the process of a complete and credible standardised review of all the supportive practices, and that adherence to JSE Listings Requirements has been appropriately reviewed. The result of this review exercise is available on the Cashbuild website. The process of completing the governance assessment is cyclical in nature and is repeated annually with action steps stemming therefrom.

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