We believe that governance contributes to value creation through enhanced accountability, effective risk management, clear performance management, greater transparency, and ethical and effective leadership. Such sound corporate governance provides a critical foundation for achieving our strategic objectives while protecting stakeholder value and living the Redefine values.
Our governance framework
Our governance structure provides for delegation of authority while enabling the Board to retain effective control. The Board delegates authority to established Board committees, as well as to the CEO with clearly defined mandates.
Effective and ethical leadership
Ethical leadership is fundamental to the sustainability of our business. We are committed to the highest levels of integrity in conducting our business and in dealing with our stakeholders.
The social, ethics and transformation committee plays a key role in exercising oversight of the Company’s ethics, and ensures that the Board is sufficiently equipped to deliver on its goal of having a sustainable, ethical culture. Although this responsibility has been delegated, the Board remains accountable for the way in which the committee’s mandate is discharged.
To stamp out fraud and corruption, Redefine Properties has secured the services of Whistle Blowers (Pty) Ltd, an independent information-gathering company, to whom employees of Redefine Properties, its contractors, suppliers, customers and tenants can report illicit activities without fear of victimisation.
Whistle blowing hotline
T 0800 864 652 (toll-free)
F 086 5222 816
Write to PO Box 51006, Musgrave, 4062
King Code of Governance Principles for South Africa 2009 (King Code)
We remain committed to the principles of King III, and are mindful of the changes that King IV will bring about in our organisation. While we are preparing for the King IV recommendations, during the 2016 year we continued to apply the King III recommendations as outlined in the King Code of Governance Principles (the King Code), and materially entrenched the majority of these recommendations into the Board’s internal controls, policies, terms of reference and overall procedures. To the extent that any of the principles have not been fully applied, reasons have been provided.