MMI is committed to the principles of the code on corporate practices and conduct as espoused in the third King Report on Corporate Governance (King III).
Furthermore, MMI's business philosophy is informed by its values and its desire to be the leading financial services provider on the African continent. Appropriate best practice is adopted and monitored in all the countries where it has operations.
This Framework summarises the principles, methodologies and procedures used in MMI to support effective governance and living our values.
We will meet clients' needs by providing a range of appropriate, value-for-money financial solutions in our market segments. In support of this vision we will conduct our business ethically. We will therefore do what is right.
The main function of the remuneration strategy is to support the HR strategy by helping to build a competitive, high performance and innovative company with an entrepreneurial culture that attracts, retains, motivates and rewards high-performing employees.
This document has been prepared in terms of the JSE Listings Requirements and sets out the application of the 75 corporate governance principles by MMI Holdings as recommended by the King Report and Code on Corporate Governance for South Africa, 2009 (King III).
The board of MMI Holdings has been designated as the axis around which the execution of the group's corporate governance revolves. The board is mandated in terms of its charter, and the board committees in terms of their respective terms of reference.
Board committee terms of reference
The Balance Sheet Committee merged with the Risk and Compliance Committee and now functions as the Risk, Capital and Compliance Committee.
This Information Policy deals with compliance requirements in the identification, classification and effect of information about MMI Holdings as a listed company.
This Fraud Risk Management Policy sets out the mandates, risk appetite, roles as well as responsibilities and the approach to be followed by MMI employees in order to mitigate the risk of commercial crime, acts of bribery and corruption, employee misconduct and money laundering within MMI.
This document serves as the MMI Board policy for directors regarding dealings in MMI securities. It is intended to provide guidance to MMI directors on the JSE Listing Requirements (“JSE LR”) in respect of their dealings in MMI securities and the procedure to follow with regards to disclosure thereof to MMI.
This addendum provides guidance to MMI Exco members and MMI staff, on MMI’s policy in their dealings in MMI securities. This addendum should be read in conjunction with the main policy.