King IVTM Report by Principle at 27 Mar 2018
Mondi Limited

Registration Number: 1967/013038/06
Run Date: 3/23/2019 3:32:08 PM

Mondi has undertaken a thorough review of the principles of King IV and of the recommended practices related to each of these principles. The review involved a detailed assessment of each principle and practice by the company secretaries of Mondi Limited and Mondi plc with input from key members of senior management. As a result, Mondi confirms that it is in compliance with each of the principles of King IV and applies the recommended practices set out in the code.

The boards of Mondi Limited and Mondi plc oversee Mondi's compliance with, and application of, King IV and will review it at least annually.

Examples of Mondi's application of the recommended practices, and more detailed information in relation to Mondi's policies, procedures and practices in the areas highlighted by King IV, can be found in Mondi's integrated report and online SD report.
Leadership
Principle 1: The governing body should lead ethically and effectively.
Organisational Ethics
Principle 2: The governing body should govern the ethics of the organisation in a way that supports the establishment of an ethical culture.
Responsible corporate
 citizenship
Principle 3: The governing body should ensure that the organisation is and is seen to be a responsible corporate citizen.
Strategy and performance
Principle 4: The governing body should appreciate that the organisation's core purpose, its risks and opportunities, strategy, business model, performance and sustainable development are all inseparable elements of the value creation process.
Reporting
Principle 5: The governing body should ensure that reports issued by the organisation enable stakeholders to make informed assessments of the organisation's performance, and its short, medium and long term prospects.
Primary role and
 responsibilities
Principle 6: The governing body should serve as the focal point and custodian of corporate governance in the organisation.
Composition
Principle 7: The governing body should comprise the appropriate balance of knowledge, skills, experience, diversity and independence for it to discharge its governance role and responsibilities objectively and effectively.
Committees
Principle 8: The governing body should ensure that its arrangements for delegation within its own structures promote independent judgement, and assist with balance of power and the effective discharge of its duties.
Evaluations of the
 performance
Principle 9: The governing body 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.
Appointment and delegation to
 management
Principle 10: The governing body should ensure that the appointment of, and delegation to, management contribute to role clarity and the effective exercise of authority and responsibilities.
Risk governance
Principle 11: The governing body should govern risk in a way that supports the organisation in setting and achieving strategic objectives.
Technology and information
 governance
Principle 12: The governing body should govern technology and information in a way that supports the organisation setting and achieving its strategic objectives.
Compliance governance
Principle 13: The governing body should govern compliance with applicable laws and adopted, non-binding rules, codes and standards in a way that supports the organisation being ethical and a good corporate citizen.
Remuneration governance
Principle 14: The governing body should ensure that the organisation remunerates fairly, responsibly and transparently so as to promote the achievement of strategic objectives and positive outcomes in the short, medium and long term.
Assurance
Principle 15: The governing body should ensure that assurance services and functions enable an effective control environment, and that these support the integrity of information for internal decision-making and of the organisation's external reports.
Stakeholders
Principle 16: In the execution of its governance role and responsibilities, the governing body should adopt a stakeholder-inclusive approach that balances the needs, interests and expectations of material stakeholders in the best interests of the organisation over time.