Responsible Corporate Governance
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Klydon is committed to ethical business practices and adheres to global standards of control, reporting and accountability. South Africa harmonised its accounting policies with International Financial Reporting Standards (IFRS) in 2004, and Klydon's audited annual accounts are therefore prepared in accordance with IFRS. The Klydon Risk, Audit, Compensation and Intellectual Property Committees meet at least quarterly in order to promote strong corporate governance policies and practices, to protect the intellectual property of the company and to enforce an adequate proliferation resistance strategy. The Risk Committee is mandated to establish Klydon's risk management strategy and corresponding policies, procedures and methodologies pertaining to all of Klydon's operations and business activities. In addition, the Risk Committee has the responsibility to cultivate a culture of not only risk awareness and mitigation, but also opportunity awareness. |
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