Phillips Law

Recommendations of Audit Committee

244. The Board should ensure that –

a) it builds and sustains an ethical corporate culture in the company;

b) it clearly articulates the ethical standards and ensures that the company takes
measures to meet them;

c) there is adherence to and measurement of ethical standards in all aspects of the
business;

d) ethical risks and opportunities are incorporated in the risk management process;

e) a code of conduct and ethics-related policy is implemented; and

f) the company’s performance in regard to its ethics is assessed, monitored, reported
upon and disclosed.

 

  • According to the NATIONAL CODE ON CORPORATE GOVERNANCE ZIMBABWE