THE SPIRIT OF CAN DO
50 years of Service Excellence to South African industries
UNITRANS HOLDINGS (PTY) LTD
CORPORATE GOVERNANCE

Introduction

Unitrans Holdings (Pty) Ltd and its subsidiaries ("Unitrans") recognises that sound corporate governance is achieved only by constant review and adaptation of its structures, processes and policies to take into account not only internal group developments but to also accommodate externally recognised standards of best practice as they evolve.

The policies and procedures adopted by the company are designed not merely to ensure compliance with applicable laws and regulations, but also to maximise sustainable returns, to provide all stakeholders with the assurance that the businesse is being managed appropriately and to safeguard the people, assets and reputation of the company.

Ethics

Unitrans has adopted a Code of Conduct to ensure that the company operates, in all respects, as a good corporate citizen. The Code requires company employees to perform their duties in good faith and to be trustworthy in all their dealings with customers, suppliers and other stakeholders, thereby establishing a reputation for integrity and responsible behaviour that underpins their commercial performance.

Through rigorous application of the Code and company policies, including the compliance policy, and by frequent review meetings, the company is committed to the highest standards of legal and ethical behaviour. The company has adopted a zero tolerance approach to theft, fraud and the offering of bribes or favours.

Unitrans will take reasonable steps to ensure that the application of the foregoing principles is promoted by those with whom it does business.

Employees are encouraged to report, on an anonymous basis, via an independent “whistle blowing” facility, any activities that they may feel to be suspicious.