308. The chief executive officer should appoint a person responsible for the management of ICT who – (a) serves as a bridge between ICT and the business; (b) understands the accountability and responsibility of ICT; (c) is business-oriented and understands business requirements, the long term strategy of the company and can translate these into efficient […]

303. The annual report should incorporate a statement by the chairperson of the Board and a statement by the chief executive officer or managing director in which they evaluate the company’s performance during the year. 304. Information, knowledge and experiences which constitutes trade or professional secrets or is commercially sensitive must be protected from disclosure. […]

298. Information on critical factors that may be material to shareholders and investors must be disclosed to them including – (a) any change of the company’s name; (b) decisions on increasing or decreasing the authorized and issued capital; (c) any acquisition by the company of its own shares, the sources of funds to acquire the […]

294. Voting agreements among shareholders must be disclosed to the company and to the stakeholders. 295. All transactions involving property of the company whose value is equal to or in excess of 2% of the current assets of the company and which may affect the market price of the company’s shares must be disclosed. 296. […]

292. Disclosure should also include information on – (a) the performance and evaluation of Board members at Board meetings, the issuance of independent opinions and opinions regarding related party transactions, appointment and removal of directors and senior management personnel and the composition and work of specialized Board committees; (b) the company’s remuneration policy and directors’ […]

290. The company should have a written policy on disclosure. 291. Disclosure should include material information on – (a) financial and operating results of the company; (b) company’s objectives; (c) major share ownership and voting rights; (d) members of the Board and key Executives; (e) material foreseeable risk factors; (f) material issues regarding employees and […]

283. The Board must ensure that an information security management system (ISMS) is developed, implemented and recorded in an appropriate and applicable information security framework. 284. The Board should supervise the information security strategy and delegate and empower management to implement it. 285. The ISMS should include the following high level information security principles – […]

276. Where the interests of the company’s stakeholders and the company’s business conflict, such development should be disclosed subject to materiality thresholds as may be prescribed by the Board from time to time. 277. Every company must ensure that in making disclosures a broad range of communication channels are used bearing in mind the need […]

270. Every company should have a disclosure policy which outlines, among other things, the implementation, monitoring and review of the main disclosure principles set out in this Code. 271. All executive and non-executive directors should have access to Board papers and materials and should be able to respond to any queries raised as promptly and […]

264. The data and information disclosed should enable the company, its shareholders and other stakeholders – (a) to make informed decisions regarding their participation in the company or its business activities; (b) to evaluate the company’s position and its business activities; (c) to check and challenge the company’s compliance with the law and best practice codes […]