AVI Limited (AVI) is a public company incorporated in South Africa under the provisions of the Companies Act 61 of 1973, as amended, and is listed on the JSE Limited.
The Company’s Board of directors is committed to ensuring that the Company is governed appropriately and recognises the responsibility of AVI to conduct its affairs with prudence, transparency, accountability, fairness and in a socially responsible manner.
AVI complies with the principles of the Code of Corporate Practices and Conduct as recommended in the King Report on Corporate Governance in South Africa 2002, as well as with the spirit and form of the obligations that exist in terms of the JSE Listings Requirements. King III was published in September 2009 and became effective on 1 March 2010. AVI will take cognisance of the guidance provided by King III, and will incorporate improvements into the Group’s governance and management systems to the extent that they are practical and relevant to the Group and its stakeholders.