What we do
Governance, business principles & risks
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Vodacom has a detailed code of conduct requiring all executives and employees to maintain the highest ethical standards. The code of conduct aims to ensure that Vodacom’s business practices are conducted in a manner that is beyond reproach. Download PDF
Vodacom has a unitary Board of 12 directors. Five directors, including the Chairman, are independent non-executive directors. Five are non-executive directors and two are executive directors. Although the majority are non-executive directors, half of our non-executive directors are not independent as recommended by King III as they represent Vodafone.
The Board takes overall responsibility for Vodacom’s success. Its role is to exercise leadership and sound judgement in directing Vodacom to achieve sustainable growth and act in the best interests of all our stakeholders.
Vodacom is committed to the highest standards of business integrity, ethics and professionalism.
The Board recognises the need to conduct the business in accordance with the principles of the King Code of Corporate Practices and Conduct (‘King III’). These principles include discipline, independence, responsibility, fairness, social responsibility, transparency and the accountability of directors to all stakeholders. A number of these principles are entrenched in the Group’s internal controls and policy procedures governing corporate conduct.
The Board is satisfied that every effort has been made in the financial year to 31 March 2014 to comply in all material aspects with King III. Where we do not comply, this is stated and explained. Down load PDF
Vodacom’s code of conduct has 11 underlying business principles. Down load PDF
Risk and control procedures are enhanced on an ongoing basis. Directors consider our strategic risks when they formulate strategy, approve budgets and monitor progress against business plans. Down load PDF
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