Code of Ethics

The Company’s core values of accountability, open communication and excellence are instilled via a code of ethics applicable to all employees throughout the Group. This code is adopted annually. Employees behave ethically and honestly under the leadership of the Bidvest Namibia executive committee and board of directors. The code sets out our business principles and provides guidance to employees on how to apply them. 

Bidvest Namibia acts with honesty, transparency, fairness, responsibility and professional integrity in its dealings with employees, shareholders, customers, suppliers and society at large. A fraud hotline through an independent third party enables employees to report any perceived irregular or unethical behaviour in a confidential manner. Any irregularities are reported to the audit committee. During the year under review, six issues were reported which were investigated and handled appropriately.

The chairman is not considered an independent director. The board believes the individuals on the board make quality, independent judgements in the best interests of the Company on all relevant issues. The roles of chairman and CEO are separate and clearly defined. No individual director has unconstrained decision-making powers. The board is governed by a board charter that sets out the roles and responsibilities of the board. The board is responsible and accountable for providing effective and ethical leadership.

Responsibilities include addressing material and strategic issues, directing the strategy and operations of the Group to ensure the building of a sustainable business, monitoring regulatory compliance and codes of best practice, ensuring the communication of adequate and timely information to stakeholders, securing new acquisitions, monitoring operational and investment performance, empowering executive management, risk management and IT governance and promoting good corporate governance within Group subsidiaries. An effectiveness appraisal of the board of directors is conducted every two years through internal evaluation. The development of directors and induction of new directors are conducted informally. The main issues highlighted by the previous evaluation include improving public perception, engaging key stakeholders and driving growth through projects and opportunities.

 

Ethics Line

We are committed to conducting healthy business practices which support our company values of respect, honesty, integrity and accountability, ensuring a stable employment environment and the ongoing success of Bidvest Namibia. We believe in empowering people, building relationships and improving lives. Entrepreneurship, incentivisation, decentralised management and communication are the keys. We subscribe to a philosophy of transparency, accountability, integrity, excellence and innovation in all our business dealings.

To demonstrate this commitment, Bidvest Namibia has made available a free and anonymous ethics line. The service is managed by Deloitte and is independent of Bidvest Namibia. All calls will be reported in total anonymity and without fear of discrimination. The law also provides protection in the form of The Protected Disclosures Act which protects you from being victimised, harassed or dismissed for “blowing-the-whistle” on wrongdoing in the workplace. With your help, we aim to create an open and transparent workplace.

Download Bidvest Code Of Ethics

If you encounter contrary conduct, it’s your responsibility to report it

Anyone can call us in English 24 hours a day, 365 days a year; as well as in Oshiwambo, Otjiherero or Afrikaans during business hours from 08h00 to 17h00, Mondays to Fridays.
Email: bidvestnamibia@tip-offs.com

Free call: 0 800 28 6862

Cellular FreeCall Number: 081 91 847
(MTC to MTC only)



Notice Board

Sens Bidvest Namibia FD Resigns

The Board of Bidvest Namibia announces that Ms. Theresa Weitz will be resigning as executive director effective March 6, 2018. Bidvest Namibia would like to thank Ms. Weitz for her valued contribution to the company.

Sens Trading Update

Bidvest Namibia anticipates basic earnings per share (EPS) to be up between 28% and 33% and headline earnings (HEPS) for the half-year ended December 31 2017 to be down between 127% and 132% on the previous corresponding period.

Sens Peter Meijer resigns

The Board of Bidvest Namibia announces that Mr. Peter Meijer will be retiring as nonexecutive director effective February 28 2018. Bidvest Namibia would like to thank Mr.
Meijer for his valued contribution to the company.

Sens Cautionary Announcement

Further to the cautionary announcements dated November 8 and December 20 2017, shareholders are advised that the Company has entered into discussions, which if successfully concluded, may have a material effect on the price of the Company’s securities. Accordingly, shareholders are advised to continue to exercise caution when dealing in the Company’s securities until further announcements are made.





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