4AX has a company-wide corporate governance framework led by the Board who take ultimate responsibility for 4AX and ensure 4AX’s compliance with the Exchange Licence and the Financial Markets Act (FMA).
4AX has been guided by the King Report on Corporate Governance in South Africa and has adopted an approach it considers appropriate for the scope, scale and nature of its activities.
The governance structure ensures that the Board and the Executive Committee implement appropriate internal monitoring and reporting systems, actively analyse current and required human, technological and financial resources, and ensures that risk management and compliance practices are appropriate.
The governance framework promotes accountability and transparency of the decision-making practices of 4AX. The majority of Board members are and will remain South African residents.