A Governance Framework that Navigates Our Efforts to Perform & Conform
It is imperative that DIMO’s affairs are managed in a fair and transparent manner. We believe that this is vital to gain and retain the trust of our stakeholders. This is ensured by taking ethical business decisions, conducting businesses with a firm commitment towards values and continuous engagement with stakeholders.
Setting the Strategic Direction
The Board of Directors as part of its stewardship role is accountable to navigate the orgnisation through the economic challenges that lie ahead while undertaking a digital transformation and an ethical business in place.
The brand-new set of priorities to ‘Reimagine’ the strategy to overcome challenges focusing on a balance product portfolio, expanding market share with greater efficiencies and synergy, a clear-cut re-engineering business process is the way forward.
The Board bears the responsibility to ensure that the Group has a comprehensive remuneration policy through which employees are rewarded for their alignment to strategic direction.
The Board recognises that conducting regular evaluation of its performance is essential to good corporate governance and Board effectiveness.
Remuneration Linked to Value Creation Attracting, motivating, retaining high calibre employees. Ensuring our pay is competitive in the industry. Comply with legislative provisions. Reinforcing employees are the key stakeholders of the company. Ensuring appropriate and flexible benefit mix.
Determinants of Executive Pay The Remuneration Committee has the responsibility to ensure executive pay is aligned with the desired performance of the Group.
Compliance & Adherence Provides the basis for conformance and identifies the rules that are to be followed by the Board, Board Committees, Management Committees, and employees.
Assurance & Certification Independent assurance, independent review, oversight, and independent certification are key sources of assurance and conformity regarding integrity and due functioning of the enterprise governance framework.
Code of Business Conduct & Ethics Institutionalised ethical behaviour in our every endeavour through code of business ethics. Applicable for all employees.
Stakeholder Interests Stakeholder engagement is a key governance tool used by the Board of Directors to discharge its accountability towards key stakeholders of the company.
Communication Maintaining a balance, clear and transparent communications with all stakeholders to facilitate their understanding of the Group’s performance and prospects as well as the market environment in which it operates.
Cybersecurity Robust risk management and internal control frameworks are a vital part of the process with Information Technology being a key part of the organisation strategy.
Digital Transformation In 2020, it was a commitment that was undertaken to transform company’s processes and systems into world class practices.
Promoting Innovation Innovation is ingrained in our offerings and business practices, a priority to foster vital endeavour within the Group. Sustainability Reporting.
Sustainability Reporting Environmental, Social and Governance (ESG) considerations are top priority in our long-term business strategy and throughout its value creation.