Statement of commitment

The board of directors of Pioneer Foods is committed to the principle of effective corporate governance and strives for the highest standards of integrity and ethics.

The board supports the Code of Governance Principles as set out in the King II Code of Corporate Governance and are satisfied that the Group has complied with the South African legislation and regulations in this financial year.

The board is pleased to report that a process has been put in place to ensure that the Group complies with the provisions of the King III Code on Corporate Governance in the new year.