copyright© jse limited 2009 corporate governance altx – is it different? noah greenhill
TRANSCRIPT
Copyright© JSE Limited 2009
www.jse.co.za
Corporate Governance
AltX – is it different?
Noah Greenhill
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AltX
Established 2003
75 companies listed
R10bn market capitalisation
3 key quality controls
• Designated Advisor
• AltX Advisory Committee
• Directors Induction Programme
Ongoing obligations
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The Stakeholders
The Board
Management
Shareholders
Regulators
Environment
Service providers
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The evidence
Listing requirements
Companies Act
King III
Board charters and committees
Chairman
Directors
• Executive
• Non-executive
• Independent non-executive
Processes
Visuals – AFS and other documents
“Substance over form”
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Some more evidence
9 had Executive chairman
24 had no remuneration committee
Reports
• Management report
• Year on year analysis
• Annual Financial Statements
• Corporate Governance and Sustainability review
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Conclusion
Makes a difference
Attitude
Adds to the quality
• Company
• Investor
• Other stakeholders
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