Product List

The BSi Steel Board of directors is committed to high standards of Corporate Governance including the principles of responsibility, accountability, and integrity. The group conducts business in a fair and transparent manner, and has high moral and ethical standards.

BSi Steel has examined the recommendations of the King Report on Governance for South Africa 2009 (King III) and the King Code of governance for South Africa 2009 (“the Code”) and has applied these where relevant. Certain policies and procedures were updated to ensure compliance, and this process is on-going. Areas of non-compliance are explained in the BSi Steel Limited Integrated Report.

The company has complied in all material respects with the Code and the Requirements of the JSE Limited (“the JSE”).

To ensure that BSi Steel is governed ethically and complies with corporate governance standards, the Board has conducted a self-evaluation exercise compiled by the Company Secretary. This reviewed inter alia:

• Board composition and skills
• Board committee performance
• role of the Board
• relationship with stakeholders
• director orientation and development
• succession planning
• ethics
• Board culture

Each director completed a self-evaluation and these were reviewed by the chairman.

No significant matters of concern were noted.

The Group is committed to a policy of fair dealing and integrity in the conduct of its business. This commitment, which is endorsed by the Board, is based on the fundamental belief that business should be conducted honestly, fairly and legally. The company expects all employees to share its commitment to high moral, ethical and legal standards.

A formal Code of Ethics has been adopted by the Board and includes the following:

• compliance with laws and regulations
• conflicts of interest
• anti-competitive behaviour
• employment equity
• safety, health and environment
• social responsibility
• privacy and confidentiality

All directors and employees are expected to comply with the code.
The company has a whistle-blower policy whereby contraventions of the Code of Ethics can be reported.

PROMOTION OF GENDER EQUALITY AT BOARD LEVEL POLICY

APPLICATION OF THE KING CODE OF GOVERNANCE PRINCIPLES - DOWNLOAD