Our
governance
Who governs us
We have a unitary Board with 12 directors, the majority of whom are non-executive directors. Our Chairman is an independent non-executive director.
Board structure
Who leads us
Business Unit
Resources
Operations
Regulatory
New Business
Affairs
Services
Business
Business
Board governance at a glance
Vodacom is committed to the highest standard of business integrity, ethics and professionalism.
The King IV Report on Corporate Governance advocates an outcomes based approach, and defines corporate governance as the exercise of ethical and effective leadership toward the achievement of the following governance outcomes.
Ethical Culture, Good performance, effective control and legitimacy.
The application of King IV is on an apply and explain basis and practices underpinning the principles exposed in King IV are entrenched in many of the Groups’ 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.
Letter from the new
Chairman of the
Remuneration
Committee
Phuti Mahanyele-Dabengwa
Dear shareholders
This report sets out Vodacom’s remuneration philosophy and policy for non-executive directors and executive directors. It also provides a description of how the policy has been implemented, and discloses payments made to non-executive and executive directors during the year.