While the RMI board is responsible for the maintenance of sound corporate governance and risk, the most effective implementation is best managed at an investee company level. Investment companies therefore have their own governance structures, including boards of directors, executive teams and board committees that monitor operations and deal with governance and transformation-related issues. As a shareholder of the investee companies, we exercise our shareholder rights to ensure, as far as possible, that the entities adhere to all requirements such as governance, internal controls, financial management, risk management, legal compliance, safety, health and environmental management, internal audit, ethics management, information management, stakeholder relationships and sustainability.
RMI subscribes to a set of values that seek to foster innovation, individual empowerment and personal accountability. It reinforces these values through various board committees with clearly defined responsibilities:
In South Africa, principles and guidelines for corporate governance are set by:
RMI and all of its subsidiaries and associates endorse King III. RMI is listed on the JSE and also complies with the JSE Listings Requirements.