Cargo Carriers Limited subscribes to the Code of Corporate Practice and Conduct as set out in the King Code of Corporate Practice and Conduct 2002.
The policies and procedures adopted by the company are designed not merely to ensure compliance with applicable laws and regulations, but also to maximise sustainable returns, provide all stakeholders with the assurance that the business is being managed appropriately, and safeguard the people, assets and reputation of the company.
The board of directors encourage among staff the highest levels of integrity and credibility, to be practiced at all levels and across all operations within the group, as well as in all dealings with outside parties.
The company has formalised detailed statements on ethics, safety, health and environmental issues that are incorporated in our accreditation on the following standards: ISO 9001:2000, ISO 14001:2004 and OHSAS 18001:2007. Accreditation is audited on an individual basis by international accreditation agencies.
A code of ethics covering all aspects of the business and all stakeholders is incorporated in the company’s Policies and Procedures Manual, to which all employees are required to comply.
The company recognises that people development and safety are critical to its sustainability, and various policies and procedures have been put in place to facilitate these matters.
Specific policy guidelines have been established for addressing HIV/AIDS in the workplace. This policy is reviewed regularly to ensure compliance and adherence to any social or legislative developments.
Established in 1988, the company’s Audit Committee has terms of reference which clearly set out its scope and objectives. The committee comprises three independent non-executive directors and three non-executive directors, and meets three times a year.
The Audit Committee considers comprehensive reports from:
The audit committee evaluates group exposure on any scenario, and assesses response to significant risks, including sustainability issues.
The company has a formal internal audit and risk management function which supports management’s responsibility to maintain systems of internal control designed to provide reasonable assurance that transactions are concluded in accordance with management’s authority and that assets are adequately controlled and protected against loss.
The complete group risk management process is co-ordinated by the Group Audit and Risk Department, and implemented through a hierarchical structure comprising the:
Cargo Carriers is committed to growing and investing in socially responsible business activities, employment equity and diversity, skills development, as well as sustainable social responsibility projects.
Specific policy guidelines have been established for addressing HIV/AIDS in the workplace. This policy is reviewed regularly to ensure compliance and adherence to any new social or legislative developments.
Cargo Carriers has undertaken various Corporate Social Responsibility investments, many of them linked directly to the transport communities that are the lifeblood of the business. These include investments in the industry bargaining council’s Wellness Fund” and the “Truckers Against AIDS” initiative, and in excess of R1 million a year towards Training and Development.