The Board aims to achieve the governance outcomes defined in King IV™, and is the custodian of corporate governance for the Company and ensures that directors:

• lead ethically and effectively;
• support an ethical culture;
• set the strategic direction for the Group for the year ahead;
• approve policies and planning; and
• administer and monitor the Group’s risk and opportunities, strategy, business model, performance and sustainable development.

The Board remains committed to the principles of King IV™ and ensures that its recommendations are diligently applied to policies, terms of reference, procedures, processes and controls.

AEEI’s application and adoption of the various recommendations set out in King IV™ is outlined in our application statement, which is available on: www.aeei.co.za/about-us/corporate-governance/king-iv-on-corporate-governance-report/.