2022 AVBOB Integrated Annual Report - FINANCIALS

CHAPTER 2 | LEADERSHIP 08 INTEGRATED ANNUAL REPORT 2022 LEADERSHIP 2 THE BOARD OF DIRECTORS (THE BOARD) SUBSCRIBES TO THE KING IV REPORT ON CORPORATE GOVERNANCE™ FOR SOUTH AFRICA. THIS GOVERNANCE FRAMEWORK IS BASED ON FAIRNESS , ACCOUNTABILITY , RESPONSIBILITY , TRANSPARENCY , AND AN ETHICAL CODE OF CONDUCT . WE REMAIN RESPONSIVE TO THE EVOLVING TRENDS AND THE MOMENTUM THAT GLOBAL STANDARDS DEMAND, AT BOTH A STRATEGIC AND OPERATIONAL LEVEL.