The Directors accept full responsibility for the application of the principles necessary to ensure that effective corporate governance and ethics are practiced consistently throughout the Group. In discharging this responsibility, the Board endorses the King Report on Governance for South Africa, 2009 and the King Code of Governance Principles (King Code) in both letter and spirit, providing effective leadership, integrity and judgment in directing the business of the Company to create and maintain value.

The Directors have pro-actively taken steps to ensure that the Company is fully compliant with the King Code and recommendations that are considered mandatory by the Johannesburg Stock Exchange (JSE).The Board is of the opinion that the Issuer is compliant with such recommendations in all material respects. The Board will continuously review and assess the assimilation and entrenchment of governance best practices in the Group. A full analysis of the steps taken by the Company to comply with the King Code is available for download at the bottom of this page.

…The Board will continuously review and assess the assimilation and entrenchment of governance best practices in the Group…

PAIA

MANUAL IN ACCORDANCE WITH THE PROMOTION OF ACCESS TO INFORMATION ACT (“PAIA”)

The purpose of this manual is to facilitate requests for access to information of Cartrack in accordance with the PAIA. The complete manual may be downloaded and contains the procedure for requesting access to information as well as the required forms and relevant applicable fees.

Company Contact Details
Designated Information Officer: Anname de Villiers
E-mail address: anname.devilliers@cartrack.com

Registered Address: 11 Keyes Avenue, Rosebank, 2196
Postal Address: P O Box 4709, Rivonia, 2128
Telephone Number: (+27 11) 250 3000
Fax Number: (+27 11) 250 3001

Payments should be made to: Cartrack Holdings Limited

Governance Structures

The Board of Directors currently consists of two Executive Directors and three independent Non-executive Directors. The Board is responsible for directing, governing and controlling the Company’s business by, inter alia, developing and approving the Company’s strategy, financial budget, risk framework and supporting policies and procedures. Members of the Board are appointed by the Shareholders and evaluated collectively and individually by the Board on an annual basis.

The Company’s Executive Directors are involved in the day-to-day management of the Company and business activities of the Group in accordance with the framework of authority delegated to them by the Board. The performance of each Executive Director is evaluated annually by the Board against agreed performance criteria.
The Board meets four times during the financial year, excluding any ad hoc meetings held to consider special business.

The Board has delegated certain of its functions to Board committees but remain ultimately responsible and accountable for these functions.

Internal Control Systems

To meet the Company’s responsibility to discharge its governance responsibilities and provide reliable financial and operational information, the Company maintains systems of internal controls and risk management. The controls are designed to encompass financial, operational, compliance and sustainability issues, providing reasonable assurance that transactions are concluded in accordance with delegated authority and are properly processed and recorded, that assets are adequately protected against material losses, unauthorised acquisition, use or disposal, and that policies and procedures are consistently applied.

These systems include a documented organisational structure and division of responsibility, clarity of accountability, established policies and procedures which are communicated throughout the Group, and the careful selection, training and development of people. The Company does not have an independent internal audit function.

The Company monitors the operation of the internal control systems in order to determine if there are deficiencies and corrective actions are taken to address control deficiencies as they are identified. The Board of Directors, operating through the Audit and Risk Committee, is responsible for the review of the effectiveness of the system of internal controls and risk management.

There are inherent limitations to the effectiveness of any system of internal controls, including the possibility of human error and the circumvention or overriding of controls. Accordingly, an effective internal controls system can provide only reasonable assurance.

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Terms of Reference, Policies
Board of Directors – PDF
Audit & Risk Committee – PDF
Remuneration & Nominations Committee – PDF
Social and Ethics Committee – PDF
King Code Application – PDF
Whistleblowing Policy – PDF
Cartrack Code of Ethics & Gifts Register – PDF
Cartrack Media & Public Relations Policy – PDF