Solutions Yarona Trading & Projects

Governance Policy

Solutions Yarona Trading and Projects (PTY) LTD
Registration Number: [Insert Company Registration Number]
Effective Date: [Insert Date]
Version: 1.0

1. Introduction

Solutions Yarona Trading and Projects (PTY) LTD (“the Company”) is committed to maintaining the highest standards of corporate governance to ensure transparency, accountability, and ethical business practices. This Governance Policy outlines the principles, structures, and processes that guide the Company’s decision-making and operations in compliance with South African laws and best practices.

2. Governance Principles

The Company adheres to the following core governance principles:

  • Transparency: Open and clear communication with stakeholders.

  • Accountability: Directors and management are responsible for their decisions.

  • Integrity: Ethical conduct in all business dealings.

  • Fairness: Equitable treatment of all stakeholders.

  • Compliance: Adherence to applicable laws, regulations, and industry standards.

3. Board of Directors

3.1 Role and Responsibilities

The Board is responsible for:

  • Setting the Company’s strategic direction.

  • Ensuring compliance with legal and regulatory requirements.

  • Overseeing risk management and internal controls.

  • Monitoring executive performance.

  • Acting in the best interest of the Company and its stakeholders.

3.2 Composition

  • The Board shall consist of a mix of executive and non-executive directors.

  • A Chairperson shall be appointed to lead the Board.

  • Directors shall be appointed based on expertise, experience, and independence.

3.3 Meetings

  • The Board shall meet at least quarterly.

  • Minutes of meetings shall be recorded and maintained.

  • Decisions shall be made in the best interest of the Company.

4. Management & Delegation of Authority

  • The Board delegates day-to-day operations to the Managing Director and executive team.

  • Clear authority limits shall be defined for financial and operational decisions.

  • Management shall report regularly to the Board on performance and risks.

5. Risk Management & Internal Controls

  • The Company shall implement a risk management framework to identify, assess, and mitigate risks.

  • Internal controls shall be established to safeguard assets and ensure accuracy in financial reporting.

  • An Audit & Risk Committee may be established to oversee compliance and risk.

6. Ethical Conduct & Anti-Corruption

  • All employees and directors must adhere to the Company’s Code of Ethics.

  • Bribery, fraud, and corruption are strictly prohibited.

  • A whistleblowing policy shall be in place for reporting unethical behavior.

7. Compliance with South African Laws

The Company shall comply with:

  • Companies Act (No. 71 of 2008)

  • Construction Industry Development Board (CIDB) Regulations

  • Broad-Based Black Economic Empowerment (B-BBEE) Act

  • Labour Relations Act (No. 66 of 1995)

  • Occupational Health & Safety Act (No. 85 of 1993)

  • Prevention and Combating of Corrupt Activities Act (No. 12 of 2004)

8. Stakeholder Engagement

  • The Company shall engage with shareholders, employees, clients, and regulators in a transparent manner.

  • Disputes shall be resolved fairly and in accordance with applicable laws.

9. Policy Review & Amendments

  • This policy shall be reviewed annually or as needed to reflect changes in legislation or business operations.

  • Amendments must be approved by the Board.

10. Approval

This Governance Policy was approved by the CEO Ms. DG MAtekane