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OUR COMMITMENT
CORPORATE GOVERNANCE REPORT
The Sun International group remains committed to compliance with the regulatory requirements of all the countries in which it operates and
particularly, at an enterprise level, to sound corporate governance principles. The group endorsed the application of the principles recommended in the King
Report on Corporate Governance for South Africa, 2002 (King II) and has been effectively implementing and reporting on a spectrum of governance
principles, underpinned by the values of responsibility, accountability, fairness and transparency.
STATEMENT OF COMPLIANCE
The board has satisfied itself on the extent of the company’s compliance with King II and with the Listings Requirements of the JSE Limited, which is
dealt with under appropriate sections throughout this report.
The group is pleased to report that there have been no material instances of non-compliance during the year under review. Whilst the board is satisfied
with its level of compliance with applicable governance and regulatory requirements, it recognises that its practices can always be improved, and
accordingly the board has and will continuously review the company’s governance framework against governance best practices.
KING III
The board welcomed the introduction of the King Report on
Corporate Governance for South Africa, 2009 (King III) that
became effective from 1 March 2010. The group conducted an
extensive review of the King III principles and the company’s
existing governance practices and has elected to report against
the King III principles, as the group substantively complies with or
will comply with the majority of principles within the forthcoming
year. In instances where the group has elected not to apply some
of the principles, then these exceptions are explained under the
appropriate sections throughout this report.
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