An effective board can increase the value of a group on a sustainable basis. The Altech board applies and integrates the key concepts of the 2009 King Report on Governance Principles (King III), the Companies Act, No 71 of 2008, as amended, the JSE Listings Requirements and the International Integrated Reporting Council’s discussion paper to support its endeavours to be effective and create sustainable value
During the financial year, the group embarked on a new long-term strategy which the board believes will add value, and which has considered the interests and diverse perspectives of a broader stakeholder network.
Altech has dedicated signifi cant resources to creating capacity to address good corporate governance in the markets in which the group and its operations operate. We believe that this will ensure the long-term sustainability and profi tability of the group.
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