65 / 136
MultiChoice South Africa Holdings Proprietary Limited
Integrated annual report 2018
65
Corporate governance review
(continued)
A key focus area in the 2018 financial year
was the alignment of the company’s policies
and approaches with King IV
TM
, the triple
context and six capitals. A planned area
of focus for the 2019 financial year is the
identification of gaps, improvement of
processes and enhancements of reporting.
Gender and racial diversity
statement
The MultiChoice diversity policy was approved
by the board in November 2017. In
developing this policy at board level, we
considered key aspects of diversity, including
making good use of differences in the skills,
geographical and industry experience,
background, race, gender and other
distinctions between members of the board.
While no specific targets have been set for
race or gender due to the complex nature of
our businesses, we are focused on achieving
the appropriate balance of knowledge, skills,
experience, diversity and independence.
Compliance framework
Our legal compliance programme involves
maintaining inventories of material laws
and regulations for each business unit,
implementing appropriate policies and
procedures, establishing processes to
supervise compliance and mitigate risks,
monitoring compliance, implementing
effective training and awareness programmes,
and reporting to the board and management
on the effectiveness of these initiatives. A legal
compliance programme based on the legal
compliance framework approved by the
board, has been developed and implemented.
A compliance officer has been appointed to
The board is the overall custodian of business
ethics. The disciplinary codes and procedures
of the various companies are used to ensure
compliance with policies and practices that
underpin the overall code of business ethics
and conduct.
Unethical business behaviour by senior staff
members, as well as the manner in which
the company’s disciplinary code was applied
in such instances, is reported to the
remuneration and equity committee, which
assists the board in carrying out its duties
in relation to business ethics. The group is
committed to conducting its business in
compliance with the law, with integrity and
with proper regard for ethical business
practices. Whistleblowing facilities enable
employees to anonymously report unethical
business conduct.
Corporate citizenship
The board has approved the sustainable
development policy which incorporates
corporate citizenship considerations. The
group’s values, strategies and purpose are
aligned with corporate citizenship principles.
As MultiChoice expands its business, it aims
to contribute to the communities in which it
operates, develop its own people, contribute
to general economic prosperity and minimise
its impact on the environment. MultiChoice’s
approach is structured around the six capitals.
The various areas are monitored and
measured in accordance with legislative
requirements, good governance guidelines,
the code of business conduct and ethics
and economic factors.
Our approach to governance
(continued)