RES is committed to best Corporate Governance practices and is guided by the code of corporate practice and conduct contained in the King Reports on Corporate Governance and other international guidelines on Corporate Governance.
Recommendations on best corporate governance practices are continuously considered with a view to implementing those that are deemed applicable and suitable for the Group’s circumstances. The ultimate responsibility for good corporate governance lies with the Board of Directors.
The Board understands that effective governance practices should be embedded in all its business processes rather than following a tick-a-box approach. Pursuant to the detailed exercise undertaken by the Board to benchmark the group’s governance practices against the principles set out in the King Reports which came, work has been started to improve certain existing governance practices to achieve alignment with the King Reports.
Where application of the principles has been identified as unsuitable for the Group’s circumstances, this is clearly explained, and where appropriate other controls put in place to ensure good governance.
RES Corporation P. O. Box 1 Simunye L301
+268 2313 4000
+268 2383 8953
