Adcock Ingram Integrated Report 2016

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Key
facts
ETHICAL FOUNDATION
Ethics are the foundation of Adcock Ingram’s business and an unequivocal
commitment to fairness, transparency and integrity inspire all facets of
the Group’s operations. Adcock Ingram’s Board, assisted by its various
committees, is responsible for setting the ethical tone “at the top” and
monitors its implementation, to help ensure that business is conducted in
a manner that is beyond reproach at all levels in the Group.
The King III Report provides guidance on acceptable business practices
and ethical standards by which Adcock Ingram directors, employees,
suppliers and business partners are expected to conduct themselves in
their business relationships.
29 EXECUTIVE NON-EXECUTIVE
COMPOSITION
OF BOARD
Male
Female Black
White
CORPORATE
GOVERNANCE
Corporate governance includes the structures, processes
and practices that the Board uses to direct and manage
the operations of the Adcock Ingram Holdings Limited
and its subsidiaries within the Group to ensure that
authority is exercised and decisions taken within
a defined framework, approved by the Board, and
decision makers are held appropriately accountable. The
Company is committed to adhering to good corporate
governance. A register setting out compliance with King III
principles on an “apply or explain” basis can be found on
The Board is the custodian of corporate governance and
ensures that the Adcock Ingram Group adheres to the
highest standards of accountability and ethical conduct.
Employees are encouraged to report any suspected
inappropriate, unethical, illegal activity or misconduct
through an independently operated Tip-Offs Anonymous
line. This whistle-blowing facility is available 24 hours per day,
365 days per year. All complaints lodged through this service
are investigated and where appropriate disciplinary action
is instituted and reported to the Board through the Social,
Ethics and Transformation Committee.
Adcock Ingram is committed to:
• Achieving the highest standards of transparency,
accountability and integrity in all aspects of its operations and
in its dealings with stakeholders including 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 embrace and comply with ethical business practices
and who comply with the laws of the jurisdictions where
they operate;
• Actively pursuing transformation and ensuring employment
practices which are not unfairly discriminatory and which
seek to maximise the potential of all its employees through
training and skills development; and
• Proactively accepting responsibility for and managing the
sustainability and environmental issues associated with its
business.
27%
73%
45%
55%
Seven of these non-executive directors are independent and two are non-independent as defined in the King III Report.
OUR GOVERNANCE (continued)
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