Leadership

The directors of Murray & Roberts Limited have formed the group executive committee which meets monthly and is responsible for overseeing the management and operations of the Group. The chief executive forum meets quarterly and brings together operational and corporate leadership.

Risk management

An operational risk committee has been constituted to act as custodian of the Group's risk appetite and will interrogate risks associated with key decisions.

Group risk also provides valuable leadership in acquisition due diligence reviews, major bid development, project audits and strategic and project risk assessments.

Governance

Our corporate governance framework was established in 2003 and is constantly reviewed to ensure compliance with latest international and domestic practice.

Finance

We have a strong corporate finance team which ensures reporting compliance and delivers taxation, treasury, reporting and technical accounting leadership to the Group.

Our treasury provides the Group with access to local and foreign funding markets using a treasury system that operates within a framework of approved authority levels, products and counter parties.

We operate within a number of complex tax jurisdictions. Income tax, secondary tax on companies, capital gains tax and other taxes are planned in the context of our growth profile.

Commercial

A free flow of information concerning legal matters in the Group is maintained to ensure that we learn from our varied experiences.

Communication

We are committed to open and honest communication with all our stakeholders, including customers, employees, communities, business associates and society at large.

The annual report is an important reporting medium that satisfies the Listings Requirements of the JSE and reports our progress in complying with the recommendations of King II.

We offer a range of other communication platforms, including:

• the Murray & Roberts website www.murrob.com
• an interactive CE Forum on the web site
• financial results presentations and trading updates
• a quarterly house journal, Robust
• the Murray & Roberts Interchange
• a Murray & Roberts client service centre
• interventions for employee access to management

Corporate Social Involvement

The Murray & Roberts corporate social involvement (CSI) program demonstrates our commitment to sustainable social development. We appreciate that our business activities have an impact on the communities in which we operate and we are committed to managing this impact responsibly.

Health, safety & environment

Integrated within the risk management framework, we have established health, safety and environmental (HSE) management as an integral component of our leadership strategy. The primary role of our corporate HSE capacity is to oversee and lead the Group's commitment to zero disabling incident through sound HSE management in all aspects of its business activities.

Human capital development

A key strategic imperative is to ensure that our human capital is a competitive advantage.

The Murray & Roberts human capital strategic framework defines global best practice and focuses on issues that have the greatest impact on our ability to achieve our strategic objectives. A key element of the human capital strategic framework is the Group's leadership succession and development framework, which aims to deliver the leadership the Group requires to achieve its growth objectives.