CORPORATE GOVERNANCE


CAVI Brands seeks to subscribe to the values of good corporate governance as set out in the Code of Corporate Practices and Conduct embodied in the “King III” report.

Governance Objectives

CAVI Brands adheres to best practice as defined by the South African Companies Act 61 of 1973 and Companies Act 71 of 2008, regarding Corporate Governance.

Audit Committee

The CAVI Brands Audit Committee consists of members of the Board of Directors of CAVI Brands and has a minimum of two members. The Audit Committee has as members, one CAVI Brands Non-Executive Director and one Executive Director. The Audit Committee of each subsidiary business consists of a CAVI Brands Executive Director and at least one other Executive Director of the subsidiary business.

Remuneration Committee

A Non-Executive Director of CAVI Brands chairs the Remuneration Committee of CAVI Brands and each CAVI Brands subsidiary..