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Corporate governance structure
The following diagram shows the Group’s governance structures as at 31 March 2018:
Statement of compliance
Vodacom is committed to the highest standards of business integrity,
ethics and professionalism.
The King IV Report on Corporate Governance for South Africa 2016, released on 1 November 2016,
advocates an outcomes-based approach, and defines corporate governance as the exercise of ethical and
effective leadership towards the achievement of the following governance outcomes:
g
g
Ethical culture;
g
g
Good performance;
g
g
Effective control; and
g
g
Legitimacy.
The application of King IV is on an apply and explain basis and the practices underpinning the principles
espoused in King IV are entrenched in many of the Group’s internal controls, policies and procedures
governing corporate conduct. The Board is satisfied that in the main, Vodacom has applied the principles set
out in King IV, the detail of which is set out below and outlined in the King IV principles schedule.
For details of King IV Codes go to
www.vodacom.comCorporate governance report
BOARD
Board committees
Audit, Risk and Compliance Committee
Executive Committee
Nomination Committee
Remuneration Committee
Social and Ethics Committee
CEO
Executive Committee
Finance
International Business
Technology
Vodacom Business
Consumer Business Unit
Commercial Operations
Corporate Affairs
Legal and Regulatory
Human Resources
Strategy and New Business
Consumer: Sales and Distribution
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Vodacom Group Limited
Integrated report for the year ended 31 March 2018