Safaricom Sustainability Report 2017

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OUR MATERIAL MATTERS | GOVERNANCE, RISK & REGULATION | NETWORK QUALITY | ENVIRONMENTAL RESPONSIBILITY | INNOVATION |
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GOVERNANCE, RISK AND REGULATION
If the business is not run in an ethical, transparent and accountable manner, we are likely
to face legal and reputational risks, as well as being disadvantaged by eroded employee
and investor trust and confidence, which quickly translates into lost opportunities and
diminished success. As a result, we consider sound corporate governance, ethical behaviour,
robust risk management and regulatory compliance to be fundamental to our commercial
sustainability.
In response to the SDG strategy, we have aligned our efforts with five of the goals this
year and committed to promote ethical business practices and fight corruption in all its
forms (SDG16) within Safaricom and within the wider business community (SDG17) . We
have also pledged to create a non-hostile and secure workplace (SDG8) within which all
employees are treated equally (SDG10). Lastly, as part of our work with the regulators, we
have committed to striving to provide universal access to high quality information and
communications technology through our network (SDG9).
ROBUST GOVERNANCE
From a governance perspective, we ensure that Safaricom is run in an ethical, transparent
and accountable manner by having robust governance processes and structures in place,
along with explicit guiding principles and clear lines of responsibility. The Board of Directors
is, ultimately, responsible for corporate governance throughout the organisation and the
behaviour of members is governed by an explicit Governance Charter. Members of the
Board also undergo collective and individual performance assessments at least once
annually.
Please refer to the ‘Governance, Risk and Regulation’
section of the website associated with this report at
for
more information regarding our governance structures and
reporting processes.
SDG 16