Download the Corporate Citizenship Review 1999 ... - SABMiller

In addition, the SAB Group was the winner of the 1998 South African Corporate Governance Award, which is
sponsored annually by a prominent auditing firm and the Johannesburg Stock Exchange.
THE BOARD AND BOARD COMMITTEES:
The executive directors generally have responsibility for making and implementing operational decisions on running
the Group’s businesses. Non-executive directors support the skills and experience of the executive directors and
contribute to the formulation of policy and decision-making
through the knowledge and experience of other businesses
and sectors. All directors bring independent judgement to the
issues of strategy, performance, resources, including key
appointments and standards of conduct.
• COMPLIANCE WITH LAW ▪ SAB COMPANIES MUST COMPLY
WITH THE LAWS AND REGULATIONS OF THE COUNTRIES IN WHICH
THEY OPERATE. IN PROTECTING COMMERCIAL INTERESTS AND
INFLUENCING GOVERNMENT POLICIES, SAB COMPANIES MAY NOT
ENGAGE IN PARTY POLITICAL ACTIVITY.
Board Committees:
The principal Board committees are as follows:
The Audit Committee
The committee has the power to examine any matter
relating to the financial affairs of the Group in accordance
with its written terms of reference. This includes
reviewing the annual accounts, internal financial
control procedures, accounting policies, compliance
and regulatory matters, recommending the appointment of the external auditors and other related issues.
The audit committee reviews at least annually, with management, that adequate and appropriate internal
financial controls are in place and are appropriate to meet future needs; that significant business, statutory and
financial risks have been identified and are being monitored and managed; that appropriate standards of governance,
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CORPORATE CITIZENSHIP REVIEW