At the core is the trust that our material stakeholders place in Sanlam to uphold the highest level of integrity and ethical conduct, guided by:
Read more about our governance approach in the Governance Report.
We recognise that governance, in particular ethics and integrity, contributes significantly to value creation over time. Governance ensures that we conduct our business with prudence, transparency, accountability, fairness and social responsibility, thereby ensuring our sustainability while safeguarding the interests of all our stakeholders.
We acknowledge the relationship between good governance, risk management practices, the achievement of our strategic objectives and the performance of the Sanlam share price. Effective leadership and decision-making is crucial to safeguarding Sanlam’s resilience in an increasingly competitive and regulated industry.
Governance processes shape our reputation as a corporate citizen, and we constantly review our business structures and processes to reflect national and international corporate governance standards, developments and best practices in all the territories where we operate. This ensures that we remain relevant and that we are in a position to contribute to the resilience of individuals, organisations and society.
The Board is also responsible for approving and monitoring Sanlam’s total rewards approach, strategy and policy. Rewards create value by ensuring a fair and contracted exchange between Sanlam and our employees in all territories. This provides employees with financial security and the potential to be rewarded for exceptional performance. Sanlam in turn benefits from the effective implementation of its strategy and the skills to grow our business’ performance over time. By including non-financial measures in performance contracts, rewards also ensure appropriate focus on the resilience factors that drive shared value creation among our material stakeholders.