of ethics by setting the direction for how it should be approached in the group, overseeing and reporting on business and group-related ethics, considering speci c disclosures and best practice as recommended by King IV. Internal audit and risk management functions support the social and ethics committee, and the group legal compliance and ethics of cer, supported by the segment CFOs who act as ethics of cers, report to the committee regularly. The group internal audit team conducts regular reviews of the ethics management process and reports independently to the audit committee in accordance with its audit plan. Findings are reported to the audit, risk and social and ethics committees and the board. The MultiChoice Group’s detailed anti-bribery and anti-corruption policy, adopted by the board, stresses the importance of our commitment to combatting bribery and corruption transgressions, and stipulates the consequences of bribery and corruption for our business and broader society. MultiChoice SA applies MultiChoice Group’s anti-bribery and anti-corruption policy to key risk areas. We consider any violation of this policy to be extremely serious and thoroughly investigate any allegations relating to bribery or corruption. Any non-compliance with the policy results in disciplinary action, including dismissal and/or criminal proceedings. Employees are required to complete the anti-bribery and anti-corruption e-learning module every two years. Ethics training is included in onboarding for new employees, who are also introduced to the principles of the code and related policies, and relevant case studies are discussed. Ethics-related e-learning modules on the code and the whistleblower policy are part of the MultiChoice Academy platform, which is available to all employees. The e-learning training modules cover all employees (including part-time employees and contractors) and the effectiveness thereof is closely monitored. It is mandatory for employees to complete the ethics e-learning module every two years. Training activities are executed in accordance with the annual training and awareness plan. The gifts/ anti-bribery and anti-corruption online learning module was rolled out during November 2022 and 5 135 participants have completed it. The ethics online learning module was rolled out during March 2023, with participants given 60 days to complete it. Communication messages on key ethical risks, such as anti-bribery and anti-corruption, con icts of interest, health and safety, fraud, data privacy, third parties, competition and gifts were distributed to all employees in accordance with our annual ethics training and awareness plan. Communication messages from the MultiChoice Group CEO also introduced the code of ethics and conduct and related ethics handbook to all employees. As a leading company who empowers people and enriches communities, MultiChoice SA does not tolerate any form of bribery or corruption and aims to prevent any and all unethical business practices. Ethical culture continued Entrenching an ethical culture continued Corporate governance review continued Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 92
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