The board of directors regards corporate governance as fundamentally important to the success of the 4C Group's business and is committed to applying the principles of good corporate governance in its management of the company. The board is the focal point of the corporate governance system and is ultimately accountable and responsible for the performance and affairs of the company. 

The board has various governance structures and processes in place to provide strategic direction to the group and to monitor and supervise executive action and performance. All the key principles underlying the King Code of Corporate Practices and Conduct have been reflected in these corporate governance structures, which are reviewed from time to time to take into account changes within the 4C Group and developments in the field of corporate governance. 

Governance throughout the group is managed in terms of best practices and the King II principles on corporate governance.