At Nuvoco, we embrace our philosophy of Execution Excellence by empowering our employees to pursue goals sustainably through trust, transparency, and collaboration. Our corporate governance framework mirrors these values, prioritising accountability to stakeholders and adherence to best practices. This commitment underpins our operations and guides us in adhering to the highest standards, fostering consistent growth through best practices.
Our Board of Directors provides strategic guidance and oversight to steer our Company towards sustained growth and excellence. Comprising a judicious blend of Executive and Non-Executive Directors, including a Woman Director, our Board plays a pivotal role in upholding the highest standards of corporate governance across all facets of our operations.
Our Directors possess a well-rounded skill set, including leadership and operational experience, financial expertise, regulatory/ legal and risk management expertise, enabling them to adeptly handle the complexities of our industry. Moreover, their commitment to continuous learning and development ensures that our governance practices remain at the forefront of industry standards. As the highest governing body of Nuvoco, our Board sets the strategic direction and policies that underpin our commitment to sustainable growth and corporate responsibility.
The Board of Directors have established various Committees, each with specific terms of reference in line with regulatory requirements. These Committees serve as specialised forums for in-depth deliberation and decision-making on critical matters affecting our Company. The recommendations, observations, and decisions made during Committee Meetings are diligently documented and presented to the Board for information or approval, ensuring transparency and accountability at every step. The Chairperson of each Committee provides regular updates to the Board regarding the discussions and decisions taken within their respective purview.
Nuvoco has 5 (five) Statutory Committees of the Board, each tasked with distinct responsibilities:
In addition to these Committees, we have developed comprehensive policies. These guide our conduct and operations, reflecting our commitment to ethical, sustainable, and responsible business practices. These policies include:
These policies serve as guiding principles, shaping our organisational culture, and driving responsible decision-making at every level. By following these policies and promoting a culture of integrity and accountability, we maintain the trust and confidence of our stakeholders and contribute to sustainable value creation for all.
At Nuvoco, our Board is vigilant about all the decisions it takes and ensures alignment with the best industry practices. We adhere strictly to legal and regulatory standards, reviewing strategy, budgets, compliance reports, legal matters, and ESG initiatives. Decisions made are promptly relayed to the appropriate departments, with Action Taken Reports evaluated at the ensuing meetings to ensure continuous alignment and accountability
Nuvoco is committed to fostering a culture of ethical conduct among all stakeholders. Our comprehensive Code of Business Conduct applies to employees, officers, vendors, suppliers, representatives, agents, and consultants, setting clear guidelines for compliance with laws, conflict of interest prevention, health and safety, asset protection, and financial reporting integrity. Violation of the Code results in disciplinary action. Additionally, internal mechanisms for preventing sexual harassment, insider trading, and whistleblowing are in place. Robust auditing procedures, including internal and external audits and quarterly meetings with auditors by the Audit Committee, ensure compliance and upliftment. We conduct related party transactions at arm's length and avoid conflicts of interest, reinforcing our commitment to integrity and transparency in all aspects of our operations.
Chairman and Non-Executive Director
Non-Executive Director
Independent Director
Independent Director
Independent Director
Managing Director
Chairman
Member
Audit Committee
Nomination and Remuneration Committee
Stakeholders Relationship Committee
Risk Management Committee
Corporate Social Responsibility Committee
Ready-Mix Concrete (“RMX”)
Sales and Business Development, Cement (East)
Procurement
Manufacturing (East)
Manufacturing
(North) and Projects
Sales and Business
Development, Cement
(North) and Marketing
Managing Director
Finance
Human Resources
