Accelerate understands the role of good governance and compliance in the delivery of accretive value to stakeholders. To this end, we ensure compliance with all relevant provisions of the Companies Act 71 of 2008 (the Act), as amended, the JSE Listings Requirements and the recommendations of the King Report on Governance for South Africa 2009 (King III). A full report on our application of each of the King III principles is available here.
The responsibility for effective and beneficial corporate governance at Accelerate rests on the board of directors. The board is committed to leading the company with integrity and in an efficient manner, which promotes ethical business practices and displays the highest standards of business conduct. Operational control is exercised through the chief executive officer and chief operational officer, who are accountable to the board and its committees through providing regular reports.
The board oversees processes that ensure that each business area and every employee of the company is responsible for acting according to sound corporate governance principles in their relationships with management, shareholders and other stakeholders.
To assist the board in discharging its duties, and in line with legislative and regulatory compliance requirements, the board has constituted the following committees:
- Audit and risk committee
- Remuneration committee
- Nominations committee
- Social, ethics and transformation committee
- Investment committee