The Supervisory Board is committed to the highest standards of corporate goverance and supports the outcomes and principles set out in King IV and the JSE Limited Listing Requirements.
The Supervisory Board is committed to exercising ethical, effective leadership to and achieving the desired governance outcomes highlighted in the King IV Report on Corporate Governance for South Africa 2016 (King IV)1. These outcomes support value creation in the short, medium and long-term:
1. Ethical culture
2. Good performance
3. Effective control
For details on how we support the four outcomes, please refer to our integrated annual report. Our King IV application register demonstrates how we are applying specific governance structures, processes and practices to achieve the 16 King IV principles.
Our commitment to transformation has yielded a Level 6 rating for 2019.
Our performance over the past two years is recorded in the Social and Ethics Committee Report which forms part of the TFG 2019 Sustainability Overview Report.
The Foschini Group Limited and all its subsidiaries, wherever they operate, is committed to conducting business both ethically and lawfully. TFG encourages transparency, ethical behaviour and accountability among all its employees and business contacts. TFG has a zero-tolerance approach to corruption, please refer to the link below for a copy of TFG’s Anti-Corruption Policy.