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In 2010 Nedbank Group improved its non-financial key performance indicators in several operational areas. this was a direct result of the group’s focus of delivering on its strategic objectives and a clear commitment to innovation as a strategic differentiator within the various areas of the business. the performance scorecard below reflects the most significant performance indicators for the period under review.
This governance framework entails far more than compliance with legislation, and has been developed with the aim of enabling Nedbank Group to attain a number of very clear objectives and goals, which include:
- Maximising efficiency and profitability within acceptable risk parameters.
- Implementing the group’s strategy within defined compliance requirements.
- Adhering to correct and proper corporate behaviours.
- Balancing, within a framework of effective accountability, the interests of shareholders and other stakeholders who may be affected by the conduct of directors or executives of the group.
- Minimising or avoiding conflictsof interest between the business interests of the group and personal interests of directors or executives.
- Disclosing matters that are material to the business of the group or the interests of stakeholders timeously and accurately.
- Balancing conformance with governance constraints and an entrepreneurial spirit appropriately.
- Achieving balanced and integrated economic, environmental, social and cultural performance (integrated sustainability) and implementing integrated sustainability across the business.
- Ensuring the efficient and effective functioning of the Enterprisewide Risk Management Framework.
- Complying in substance, not just in form, with the provisions of the Code of Corporate Practices and Conduct of the King III Report on Corporate Governance 2010 and the main acts and regulations affecting the financial services industry.
Click here to read the full Enterprise governance and compliance report in the 2010 Nedbank Group Integrated Report.
| This page was updated on 30 March, 2011 |  Return to top |
