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CORPORATE
GOVERNANCE
THE BOARD REQUESTED THAT AECI'S MANAGEMENT "CONTROL WORKING CAPITAL AGGRESSIVELY". IN THE 2009 FINANCIAL YEAR, THE GROUP'S NET WORKING CAPITAL AS A RATIO OF REVENUE IMPROVED TO 15,9% FROM 19,2% AT THE END OF 2008. CASH MANAGEMENT WAS EXCELLENT AND THE REDUCTION IN WORKING CAPITAL DELIVERED MORE THAN R1 BILLION IN CASH. THE EFFORTS OF CHEMSERVE IN THIS REGARD WERE PARTICULARLY COMMENDABLE. |
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INVESTOR RELATIONS AND SHAREHOLDER COMMUNICATIONThe Company's chief executive, the financial director and the managing directors of Group businesses conduct regular presentations on the Group's performance and strategy to analysts, institutional investors and the media in South Africa. Presentations, corporate actions and reports on performance, as well as any other information deemed relevant, are published on the Company's website. Shareholders and stakeholders are advised of newly-published items via SENS. Other information on the Company, such as inter alia its management and history, is also available on the website. The website address is www.aeci.co.za To ensure that the Company communicates with those shareholders and stakeholders without access to the electronic media, the Company also publishes and reports on details of its corporate actions and performance, including its half- and full-year financial results, in one English and one Afrikaans daily national newspaper. The Group's communications function maintains regular contact with the media by disseminating relevant information. Shareholders are encouraged to attend the annual general meeting of the Company.
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