Corporate Governance

Oando is committed to the principles and implementation of good corporate governance. The Company recognises the valuable contribution that it makes to long-term business prosperity and to ensuring accountability to its shareholders. The Company is managed in a way that maximises long-term shareholder value and takes into account the interests of all of its stakeholders.

Oando believes that full disclosure and transparency in its operations are in the interests of good governance. As indicated in the statement of responsibilities of directors and notes to the accounts the business adopts standard accounting practices and ensures sound internal controls to facilitate the reliability of the financial statements.

Oando has undertaken to the JSE to comply with the minimum corporate governance requirements contained in the JSE Listings Requirements within a period of 12 – 18 months of the date of listing or prior to any capital raising, whichever comes earlier.