The board recognises the link between effective governance, sustainable performance and creating long-term value for all its stakeholders. The board is committed to the principles of transparency, integrity, fairness and accountability, and recognises the need to implement good corporate governance principles. The board applies the principles of King IV, which form the cornerstone of our approach to governance. We support the overarching goals of King IV, being: Ethical culture Good performance Legitimacy Effective control Page 91 Page 94 Page 95 Page 96 A thorough and comprehensive review was conducted relating to each principle and underlying recommended practice under King IV. In line with the overriding principle in King IV of ‘apply and explain’, the board, to the best of its knowledge, believes MultiChoice SA satisfactorily applied King IV principles. The board, to the best of its knowledge, believes the group satisfactorily applied King IV in FY23, having applied all principles and adopting all relevant recommended practices. More online For a more detailed review, see the King IV application report on our website www.investors.multichoice.com/integrated-annual-reports MultiChoice SA continues to develop its governance policies, practices and procedures in line with an integrated governance, risk and compliance framework. The board is satis ed that every effort was made in the year under review to apply all material aspects of King IV, where appropriate and relevant. MultiChoice SA continues entrenching and enhancing its understanding and application of the practices and principles of King IV. Our King IV journey Overview Introduction Understanding Phuthuma Nathi Understanding MultiChoice SA MultiChoice SA performance Financial review Corporate governance review Shareholder information Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 87
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