While there are a number of industry regulations and principles relevant to the Group, the most important of these for Old Mutual SA are:
The King II Report on Corporate Governance
The King II Report deals with a wide range of corporate governance issues in South Africa, including:
- Ethics.
- Compliance.
- Risk management.
- Financial disclosure.
- The roles and responsibilities of governance officers and Directors.
- Social and environmental responsibility.
The report advocates an integrated approach to corporate governance to protect the interests and rights of all stakeholders. Old Mutual (SA) recognises the King II Code of Corporate Practices and Conduct and aims to implement its recommendations throughout its business.
The Turnbull Report
The Turnbull Report sets out how the Directors of listed companies should comply with the United Kingdom’s Combined Code requirements in respect of:
- Internal controls.
- Financial & compliance.
- Operational compliance.
- Risk management.