Rand Water | Integrated Annual Report 2025

No.

King IV Principles

Apply and Explain

9.

Evaluations of the performance of the governing body The governing body

An annual performance evaluation is conducted by an external service provider which includes the assessment of the Board as a whole, individual Committees, the Chairperson, Committee Chairpersons, the Group Chief Executive and the Company Secretary. A formal report on the outcome of the individual and independent assessments conducted to review the performance of Board members and/or the Board and its Sub-Committees is submitted to the Minister before 31 August of each year.

should ensure that the evaluation of its own performance and that of its committees, its chair, and its individual members support continued improvement in its performance and effectiveness.

10.

Appointment and delegation to management The governing body should ensure that the appointment of, and delegation to, management contributes to role clarity and the

The GCE is appointed by the Board in consultation with the Minister, with authority to delegate operational responsibilities via the Delegation of Authority Framework. The GCE is responsible for providing ethical leadership and ensuring that the operations are aligned with the overall organisational strategy. The approved Group DoA further gives the GCE the authority to sub-delegate further to management and throughout the organisation. The DoA Framework is reviewed regularly in line with the Group’s Policy Review and Governance Framework. The Board of Rand Water has adopted and implemented a Risk Management Policy and Procedure that establishes the entity’s risk governance structure, defines roles and responsibilities, and integrates risk into strategy, planning, and operations. The Board exercises oversight through the Group Audit and Risk Committee, which reviews risk registers, risk appetite statements, and mitigation plans on a quarterly basis. Strategic and emerging risks are reviewed during Board Strategy Sessions to ensure alignment with the Organisation’s strategic objectives. Risk assessments are embedded into business planning and project approval processes, with escalation protocols for material risks. Assurance is provided through internal audit reviews and quarterly risk reporting to the Board. Digital Technology and Information Committee (DTIC) is responsible for ensuring that the enterprise-wide digital technology and information governance, risk, compliance and internal controls are defined, implemented and operated effectively across Rand Water. Governance Report that incorporates risk, audit action log and cybersecurity is submitted to the Board on a quarterly basis to ensure accountability to the Board. The Board has approved the Data Governance Framework.

effective exercise of authority and responsibilities.

GOVERNANCE FUNCTIONAL AREAS 11.

Risk governance The governing body should govern risk in a way that supports the organisation in setting and achieving its strategic objectives.

12.

Technology and information governance The governing body should govern technology

and information in a way that supports the organisation setting and achieving its strategic objectives.

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Rand Water | Integrated Annual Report 2025