9. The work of the board of directors

The board of directors should produce an annual plan for its work, with particular emphasis on objectives, strategy and implementation.Les mer

8. Corporate assembly and board of directors: composition and independence

The composition of the corporate assembly should be determined with a view to ensuring that it represents a broad cross-sectionLes mer

7. Nomination committee

The company should have a nomination committee, and the general meeting should elect the chairperson and members of the nominationLes mer

6. General meetings

The board of directors should take steps to ensure that as many shareholders as possible may exercise their rights byLes mer

5. Freely negotiable shares

The company’s shares must, in principle, be freely negotiable. Therefore, no form of restriction on negotiability should be included inLes mer

4. Equal treatment of shareholders and transactions with close associates

  The company should only have one class of shares. Any decision to waive the pre-emption rights of existing shareholdersLes mer

3. Equity and dividends

The company should have an equity capital at a level appropriate to its objectives, strategy and risk profile. The boardLes mer

2. Business

The company’s business should be clearly defined in its articles of association. The company should have clear objectives and strategiesLes mer

1. Implementation and reporting on corporate governance

The board of directors must ensure that the company implements sound corporate governance. The board of directors must provide aLes mer

Changes since the October 2009 version of the Code of Practice

NCGB circulated a consultation document on 21 June 2010 with proposals for changes to the Code of Practice. The consultationLes mer