2016 Governance framework
In 2016, work to redefine AECI’s governance framework in terms of the roles and responsibilities of the Company’s Board and those of the Boards of its subsidiaries was completed. This has enhanced alignment with the Group’s portfolio management operating model.
African and international operations
The AECI Group operates in more than 20 countries, in Africa and elsewhere. The increasing complexity of the regulatory environment in individual countries is the principal challenge to achieving full compliance in all operations in all these countries.
For the reporting period the focus was on finalising the project initiated in 2014 to scope regulatory compliance requirements in the Group’s countries of operations. Although progress was made, in 2016 attention will shift to reviewing and agreeing the approach to ensure compliance with diverse compliance frameworks.