Bookmark : http://www.eforaenergy.com/governance/governance/?id=90
Skip to : [Content] [Navigation]

Corporate Governance

Good corporate governance remains central in all our business practices and operations in line with the requirements of our listing on the JSE. The Board, its Committees and the Group’s employees are committed to the principles of transparency, accountability, integrity and fairness in the conduct of the Group’s business affairs.

Application of codes of good governance

The Board of Efora strives to promote the highest standard of corporate governance by supporting the principles of good governance as outlined in the Code of Corporate Practices and Conduct as recommended by King III.

Good governance includes the structures, processes and practices that the Board uses to ensure its oversight function over the operations of Efora.

The Board, its committees and employees are committed to the principles of transparency, accountability, integrity and fairness in the conduct of its business affairs. To ensure adherence to good governance the Group remains vigilant in adhering to developments in this arena and improvements are made where deemed appropriate.

The Group complies with all the recommendations of King III, except as set out on the register published on the website. A register on King III compliance is available here. 

Governance model

The Group’s governance model includes the structures, processes and practices that the Board uses to ensure its oversight function over the Group’s operations in accordance with its approved delegation of authority. 

The Board endorses a professional and robust approach to governance within the Group which reinforces its commitment to best practices.

The governance model adopted by the Group is intended to provide the necessary oversight in respect of the Group and is intended to allocate responsibility to the various bodies to discharge their duties in terms of the Group’s approved delegation of authority.

The Board retains overall responsibility for the running of the Group and is accountable for making decisions that could have a material impact on the business.

The Board Charter and complete terms of reference of the Committees are available here.