Altron corporate news
ALTRON ACHIEVES GOLD FOR EXCELLENCE IN CORPORATE GOVERNANCE
Monday, February 08, 2010
For the second consecutive year, Altron has been accredited with a AAA rating and a gold certificate by Corporate Governance Accreditation (CGA) for the implementation of best practice corporate governance policies and procedures.
This rating is based on an assessment that measures the extent to which a company has implemented the King II codes and guidelines.
According to CGA’s findings, they were extremely pleased by the progress made by Altron during the past year in terms of implementing best practices and by achieving such high standards of governance. The report also highlighted the advancement of the group in terms of its stakeholder engagements and in integrating sustainability into all areas of the business.
“Altron’s performance reflects continuous improvement from the 2007/2008 results by achieving a commendable AAA rating. The board and management of Altron are to be commended for their positive approach and commitment towards achieving best practice standards throughout the group. Altron has again cemented its position as an industry leader and an innovator in this regard,” said Jonathan Lewis, Managing Director of CGA.
Ends
Allied Electronics Corporation Limited (Altron) through its principal subsidiaries, Allied Technologies Limited, Bytes Technology Group Limited and Power Technologies (Pty) Limited, is invested in telecommunications, power electronics and multi-media, and information technology. With revenues of over R21 billion and with an operating profit topping R2.2 billion for the 2008 financial year, Altron, through its subsidiary groups, employs more than 12 900 employees in over 150 companies and associates, varying from manufacturing operations to service providers.
Issued on behalf of: Corporate Governance Accreditation and Altron
For more information:
Jonathan Lewis
MD CGA
Cell: 083 358 0253
Or
Andrew Johnston
Altron Group Company Secretary
Telephone: 011 645 3600
| Page updated: 2 September, 2008 | » Return to top |