Mondi’s dual listed company structure required us to comply with the provisions of the April 2016 edition of the UK Corporate Governance Code issued by the Financial Reporting Council (available at www.frc.org.uk) and the principles contained in the South African King IV Code of Corporate Governance (available at www.iodsa.co.za) during the year ended 31 December 2018.
It is the view of the Boards that Mondi complied throughout the year with all the provisions of the UK Corporate Governance Code. The Boards are also of the view that Mondi has been in compliance with the principles of King IV.
The Boards note the publication of the new UK Corporate Governance Code, which took effect from 1 January 2019. We have reviewed the principles and provisions contained within the new Code and have implemented where appropriate changes to our policies and practices to ensure compliance with the new Code during 2019.
For further details regarding Mondi’s corporate governance please refer to the report contained in the Integrated report and financial statements 2018.