Sasol Integrated Report 2024 - Book - Page 122
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
BUSINESSES
ESG
DATA AND ASSURANCE / ADMINISTRATION
REMUNERATION REPORT
GOVERNANCE
GROUP GOVERNANCE
OUR COMMITMENT
Sasol is committed to ensuring sustained value creation. We encourage a transparent and honest environment and align our practices with the
United Nations Guiding Principles on Business and Human Rights and, as asserted in our Code of Conduct, we do business in an ethical way.
Good governance is embedded in the sound judgement and good behaviour of those who are charged with ensuring the success of Sasol.
Our commitment to being a good corporate citizen and sustainably growing the business remains unwavering, driven by our Purpose ‘Innovating
for a better world’. We are committed to improving the social, economic and environmental wellbeing of the communities in which we operate.
Our governance structure
The Sasol Group is managed through its governance structures, which are regularly reviewed and provide
for the assignment of authority while enabling the Board to retain effective control. The necessary
policies and processes are in place to ensure all Group entities adhere to essential Group requirements
and minimum governance standards. As a direct or indirect shareholder, Sasol Limited exercises its
rights and is involved in the decision-making of its subsidiaries on significant matters. Subsidiaries have
adopted the governance framework as appropriate and have aligned their Memoranda of Incorporation
and Shareholder Agreements with the Group’s governance framework.
SASOL LIMITED SHAREHOLDERS
SASOL LIMITED BOARD
FOCUS
During the year the Board dealt with several significant issues aligning with our Material Matters.
For more detail regarding Material Matters refer to page 40.
Refer to the statement from Lead Independent Director page 18.
Nomination
and Governance
Committee
Safety, Social
and Ethics
Committee
Remuneration
Committee
Capital
Investment
Committee
DISCLOSURES
Our Board of Directors (the Board) focuses on ensuring that strategy, sustainability,
risk and performance considerations are appropriately balanced and effectively
integrated into the activities of the organisation.
CONTROL/ASSURANCE
Board of Directors
RISKS/OPPORTUNITIES
Audit
Committee
PRESIDENT AND CHIEF EXECUTIVE OFFICER
GROUP EXECUTIVE COMMITTEE
Capital
Structuring
and Allocation
Committee
Disclosure
Working
Group
Safety
Committee
Sanctions
Compliance
Committee
Ad hoc GEC
mandating
and steering
committees
Our Material Matters
Safety of our people
Transforming for resilience
Sustainably decarbonising for Future Sasol
EXECUTIVE VICE PRESIDENTS
Environmental stewardship
Subsidiaries (wholly-owned)/Operating Model Entities
Strengthening relationships
with stakeholders and regulators
SASOL INTEGRATED REPORT 2024
Subsidiaries (wherein external shareholder) and Joint venture (JV) Boards and shareholders
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