Corporate governance

Kumba's approach to corporate governance

In keeping with the spirit of sound leadership, the Board promotes strong principles of integrity within the Company which aids in the entrenchment of sustained excellence in every facet of the business. The Board remains Kumba’s overall custodian of good corporate governance.

The Board’s primary responsibility remains playing a key role in setting the strategic direction of the Company. However, the Board also provides continuous oversight of material matters, acting as an independent check and balance to the executive management team, whose main responsibility remains to manage the business.

The Board is fully committed to the four governance outcomes as set out in King IV^TM. A self-assessment was conducted against the 16 principles and the Board is satisfied that the group is aligned with the principles and it is mindfully overseeing the application of the relevant practices.

The application of the King IV^TM principles and the adoption of the various recommendations set out in King IV^TM are more fully detailed in our King IV^TM application register which is available on the Company’s website:

King IV^TM Governance Register

Further information on Kumba’s approach to corporate governance is included in its Integrated Report 2022 on the following link:

Kumba's approach to corporate governance