LENMED AIR 2019.pdf

During the past financial year, further corporate governance improvements were achieved. Some of these developments are highlighted below: + Further progress on adopting King IV™ recommended practices at committee and board level, as identified by the initial King IV™ analysis. + Ongoing presentations at the Audit and Risk Committee on special topics of interest. + Updating the committee terms of reference and board charter to align these to King IV™. + The implementation of a Legal Compliance Register, and reporting in this regard to the Audit and Risk Committee. 62 ENSURING AND PROTECTING VALUE Lenmed’s corporate governance The Board of Directors is committed to high standards of corporate governance and it endorses the four governance outcomes set out in King IV™, namely an ethical culture, good performance, effective control and legitimacy.