Corporate Governance

 

Sound corporate governance is implicit in Investec’s values, culture, processes, functions and organisational structure.

Integrity and trust

Integrity is our core value and determines everything we do. This is because we understand and respect the need to promote and maintain trust in our business.

Our board sets the tone through the manner in which it conducts itself, and oversees the structures and framework for our corporate governance.

Equally, each business area and every employee of the group is responsible for acting in accordance with our values. We conduct our business and measure behaviour and practices against these values.

We operate under a dual-listed companies (DLC) structure, and consider the corporate governance principles and regulations of both the UK and South Africa before adopting the appropriate standards for the group, which comply with requirements in both jurisdictions.

All international business units operate in accordance with the above determined corporate governance principles, in addition to those of their jurisdiction, but with clear adherence at all times to group values and culture.

Download additional information about our corporate governance

Download additional information about our corporate governance

Board committees – terms of reference
Management structure
Directors Biographies
Further information
Notices

DLC Remuneration Committee

Investec Limited Group Audit

Audit Committee plc

DLC Board Risk Capital Committee

DLC Nominations and Directors' Affairs Committee

DLC Social and Ethics Committee

DLC Audit Committee

Group divisional management structure

Wealth & Investment management structure

Specialist banking management structure

Asset Management management structure

Biographies Investec plc and Investec Limited

Remuneration report

Corporate governance report

King III annex to Corp Gov

Memorandum of Incorporation - Part 1

Memorandum of Incorporation - Part 2

Group Internal Audit Charter

Investec Bank Limited notice

Investec plc and Investec Limited notice

Governance Framework

Lord Davies' recommendations - Investec positioning statement

The Nomination and Directors' Affairs Committee notes Lord Davies' recommendations in his report Women on Boards which highlight the need for more female representation on boards and further notes it is the aspiration of the Investec Board to achieve 25% female representation by 2015.

Investec has a Dual Listed Companies (DLC) corporate

In November 2001, we received permission from the Minister of Finance and the South African Reserve Bank to establish a Dual Listed Companies (DLC) structure with linked companies listed in London and Johannesburg.

Establishment of a DLC structure

On 5 July 2002, Investec issued an Offering Circular relating to the Global Offer of ordinary shares in Investec plc, the admission to the Official List of the UK Listing Authority and the admission to trading on the London Stock Exchange of ordinary shares.

A circular to shareholders regarding the establishment of a DLC structure was issued on 20 June 2002.

Furthermore, an Offering Circular, relating to the Global Offer of ordinary shares in Investec plc and the admission to the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange of such ordinary shares was issued on 5 July 2002. The Global Offer closed on 19 July 2002.

The contents of the circular to shareholders and the Offering Circular were prepared as at 20 June 2002 and 5 July 2002 respectively.

Note: All shareholdings are 100% unless otherwise stated. *16% is held by senior management in the company. Only main operating subsidiaries are indicated.

Investec Limited corporate structure

Note: All shareholdings are 100% unless otherwise stated.

* 16% is held by senior management in the company. Only main operating subsidiaries are indicated.

** Previously  Investec Equity Partners (Pty) Ltd

^ 55% held by third party investors in the company together with senior management of the business.

Additional information on Investec's structure

22 November 2001 - Announcement: Investec receives permission to list in London
20 June 2002 - Announcement: Investec’s establishment of a DLC structure
20 June 2002 - Circular to Inhold and Investec Group Limited shareholders regarding the establishment of a DLC structure
5 July 2002 - Investec plc offering circular
Group Structure pre-implementation of DLC in July 2002
Simplified and brief explanation of the salient features of the DLC
Simplified illustration of DLC Group Structure
Salient financial information presented in the offering circular - in Excel