The Board recognises that robust corporate governance practices are crucial for creating and sustaining shareholder value while mitigating the risk of value erosion due to unethical and unlawful behaviour. To ensure the highest standards of corporate governance, the Board continually enhances its governance principles, policies and practices by staying informed of evolving regulations and industry best practices. Super Group’s governance structures are aligned to King IV, which advocates an outcomes-based approach to governance. The Group focuses on the following six outcomes as envisioned by King IV and incorporated in the Board charter:
An ethical culture
A corporate environment where ethical conduct is at the core of business operations and decision-making processes.
Stakeholder inclusivity
An inclusive stakeholder approach, considering the interests of all relevant stakeholders in the Group’s strategies and operations.
Integrated thinking
A corporate environment where ethical conduct is at the core of business operations and decision-making processes. An inclusive stakeholder approach, considering the interests of all relevant stakeholders in the Group’s strategies and operations. A holistic approach to business, recognising the connectedness of the Group’s various functions and its external environment, leading to sustainable value creation over the long term.
Legitimacy
Trust and confidence among stakeholders through transparency, accountability and fairness in the Group’s dealings.
Effective control
Established mechanisms to ensure robust oversight, enabling the Board and management to govern the Group effectively and address risks and opportunities appropriately.
Good performance
Enhancement of performance in a sustainable manner, ensuring the Group delivers on its purpose while achieving positive financial outcomes.