Governance

Corporate governance includes the structures, processes and practices that the Board uses to direct and manage the operations of Adcock Ingram Holdings Limited and subsidiaries within the Adcock Ingram Group. These structures, processes and practices help to ensure that authority is exercised and decisions are taken within an ethical framework that promotes the responsible consideration of all stakeholders and ensures that decision-makers are held appropriately accountable.

Adcock Ingram Holdings Limited is committed to the principles of good corporate governance as set out in the King III Report on Corporate Governance for South Africa (King III Report), the JSE Listings Requirements and the Companies Act 71 of 2008 (Companies Act).


Values
Our corporate values are aimed at building and maintaining a culture which promotes:
  • Teamwork
  • Achieving financial results
  • Respect
  • Learning and development
  • Commitment
  • Professionalism and integrity
  • Focus on business ethics
  • Creative thinking and open and honest communication
Ethics
Ethics are the cornerstone of Adcock Ingram’s business and an unequivocal commitment to fairness, transparency and integrity underlies all facets of the Company’s operations. Adcock Ingram is committed to:
  • Achieving the highest standards of transparency, accountability and integrity in all operations and dealings with stakeholders and the community at large
  • Providing stakeholders and the investor community with clear, meaningful and timely information about Adcock Ingram’s operations and results
  • Conducting its business on the basis of fair commercial and competitive practice
  • Building business relationships with suppliers and customers who endorse ethical business practices and who comply with the laws of the jurisdictions where they operate
  • Actively pursuing transformation and ensuring employment practices which are non-discriminatory and which seek to maximise the potential of all its employees through training and skills development
  • Proactively accepting responsibility for and managing the environmental and sustainability issues associated with its business

Governance Structure

Board
Audit Committee
Risk and Sustainability Committee
Human Resources, Remuneration and Nominations Committee
Social, Ethics and Transformation Committee
Acquisitions Committee
Chief Executive Officer
Executive Committee