Statement on Corporate Governance
MECHEM, a business unit of Denel Land Systems, a division of Denel (SOC) Ltd, endorses the code of corporate practices and conduct as contained in South Africa 's King ll Report and affirms its commitment to comply in all material respects with the principles incorporated in this report.
MECHEM is intent on implementing the highest standards of corporate governance. We are committed to good corporate citizenship and organisational integrity in the running of our affairs. This commitment provides stakeholders with the comfort that MECHEM's affairs are being managed in an ethical and disciplined manner. MECHEM's philosophy is founded on principles of transparency, accountability and responsibility.
Compliance with the Public Finance Management Act of 1999 is an integral part of the objectives of the Company as approved by the Board of Directors.