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We are dedicated to upholding the highest standards of corporate governance, ethics and integrity. These are foundational elements we consider essential for generating value for all stakeholders. Our commitment involves deeply embedding the principles of robust corporate governance across our organisation, ensuring our business practices are conducted with the highest ethical standards.

Board composition and responsibilities

The Board's primary responsibilities are to:

  • Approve the Company's strategy and oversee its execution.
  • Oversee the Company's financial and operational management and performance.
  • Ensure the Company's policy landscape provides appropriate guidance in an ever-changing context.
  • Make high-level strategic decisions on new matters brought to its attention.

Altron’s Board of Directors recognises the role of good governance in shaping a business that is ethical and sustainable. Through the diligent implementation of King IV principles, we aim to foster trust, drive long-term value creation and contribute to the overall wellbeing of society.

A thorough and comprehensive review is conducted annually relating to each principle and underlying recommended practice under King IV. In terms of the JSE Listings Requirements, we are required to report against the application of the King IV principles.

Our King IV Application Register serves as a comprehensive record of our efforts to uphold the highest standards of governance, while outlining the key initiatives we have undertaken in pursuit of excellence.

King Application report

The Company Secretary holds a critical position in maintaining the integrity of Altron's governance framework, ensuring a seamless flow of communication on all matters of statutory and governance importance.

The Company Secretary reports to the Board on all statutory and governance matters, and to the Group Chief Executive on all other duties. Directors have unlimited access to the advice and services of the Company Secretary, who is responsible for guiding the Board in discharging its regulatory responsibilities. The Company Secretary ensures that, in accordance with the pertinent laws, the proceedings and affairs of the Board, Altron, and where appropriate, shareholders, are properly administered. The Company Secretary monitors directors’ dealings in securities and ensures adherence to closed periods.

Additionally, the Company Secretary is instrumental in organising and attending all Board and committee meetings, ensuring that governance practices align with the King IV Report on Corporate Governance. In accordance with King IV, the performance and independence of the Company Secretary are evaluated annually, underscoring Altron’s commitment to maintaining the highest standards of governance.

For any statutory inquiries or declarations, please direct your communications to the Company Secretary: Mbali Ngcobo

Email: company.secretary@altron.com

Code of ethics:

The Code of ethics acts as a guide in our day-to-day decision making. It contains aspirational ethical guidelines for everyday events that occur throughout the Altron Group and should be read in conjunction with the Altron Group Code of Conduct and applicable Altron Group policies. Our ethical standards as Altron reflect values enshrined in internationally recognised laws and regulations, including the South African Constitution and it informs the culture of our whole organisation.

Legal ethics awareness

Fraud and Corruption Prevention Policy

Altron is committed to high ethical, moral and legal standards that include accountability, transparency and integrity. The Fraud and Corruption Prevention Policy is intended to address fraud, corruption and other economic crime committed by any employee, business partner or stakeholder either directly or indirectly against Altron, as well as the reporting mechanisms available to support these standards.

Fraud and corruption prevention policy

Ethics line policy (Whistleblowing policy)

At Altron we are proud of our history, our products, brands and our people. We are committed to building value for our shareholders, and we aim to always be held in the highest regard by our customers, suppliers, our regulators and all our stakeholders. We are dedicated to protecting and upholding our reputation as an ethical and responsible corporate citizen – focused on doing good business while doing good. We are all ambassadors of our values and we are committed to ensuring our business practices are ethical, legal, commercially sound and unless subject to confidentiality, open. We are respectful of, and compliant with, the laws and regulations in all parts of the world in which we operate and our reputation is at the core of everything that we do. Our suite of Ethics policies and codes sets our expectations – of each other, our business partners, and anyone who works with or for us. In line with this commitment, we expect employees, our business partners and any other third parties who have any concerns about any aspect of Altron’s work to report these concerns through appropriate channels provided by Altron without any concerns or fear of victimisation or fear of occupational detriment. It is recognised that wherever practical, and subject to any legal constraints, matters reported will proceed on a confidential basis.

Ethics line policy