Corporate Governanace
Board of Management
Annual Financial Statement
Learn More >Profiles of the directors of the company
Learn More >A Message From the CEO:
At Mercedes-Benz, our conduct and success is premised on four values: Passion, Respect, Integrity and Discipline. Our passion motivates us to do our best. We show respect for our employees, customers, business partners and communities. Our integrity sets us apart and makes us successful over the long term. Discipline governs our actions, every day. These values also complement and align to our philosophy on corporate governance. Mercedes-Benz South Africa (MBSA) is committed to good corporate governance, which we believe is the outcome of a commitment to the highest standards of integrity and ethics. Good corporate governance is an integral part of our operations, sustainability and social license to operate in South Africa. To this end, MBSA subscribes to the recommendations set out in the King IV Report and adheres to all applicable legislation and regulations. Integrity and ethical conduct in a transparent environment are core to the Company’s operations and sustainability strategy. To enable our operations and delivery of our sustainability strategy, the board of MBSA has the responsibility of corporate governance. Committees have been established to assist the Board in discharging its responsibilities, namely through the:
- Audit and Risk Committee
- Social and Ethics Committee
- Executive Management Committee
In the wake of COVID-19, the need for the adherence to sound corporate governance, espoused through King IV, is irrefutable. The pandemic has changed the manner of operating in the automotive industry through disrupted global supply chains, material declines and uncertainty in sales figures and accelerated the rate of transformation of mobility. As Mercedes-Benz, we believe that only those who act in an ethically and legally responsible manner remain successful in the long term – this is especially true in times of upheaval and change as we are currently experiencing. The end of the COVID-19 pandemic is unknown; further necessitating the need to adhere to principles and leading practices in sound corporate governance to navigate these unprecedented times. Looking ahead, our goals are clear: MBSA looks to build on its 68 years of manufacturing history and also continue to make vehicles that inspire our customers, both today and tomorrow. Our goals also come with clear responsibilities: we will premise all we do on integrity and compliance at the core our corporate.
Sincerely,
Andreas Brand
Chief Executive Officer & Executive Director: Manufacturing
Mercedes-Benz South Africa Limited
Board of Management
Annual Financial Statement
Learn More >Profiles of the directors of the company
Learn More >A Message From the CEO:
At Mercedes-Benz, our conduct and success is premised on four values: Passion, Respect, Integrity and Discipline. Our passion motivates us to do our best. We show respect for our employees, customers, business partners and communities. Our integrity sets us apart and makes us successful over the long term. Discipline governs our actions, every day. These values also complement and align to our philosophy on corporate governance. Mercedes-Benz South Africa (MBSA) is committed to good corporate governance, which we believe is the outcome of a commitment to the highest standards of integrity and ethics. Good corporate governance is an integral part of our operations, sustainability and social license to operate in South Africa. To this end, MBSA subscribes to the recommendations set out in the King IV Report and adheres to all applicable legislation and regulations. Integrity and ethical conduct in a transparent environment are core to the Company’s operations and sustainability strategy. To enable our operations and delivery of our sustainability strategy, the board of MBSA has the responsibility of corporate governance. Committees have been established to assist the Board in discharging its responsibilities, namely through the:
- Audit and Risk Committee
- Social and Ethics Committee
- Executive Management Committee
In the wake of COVID-19, the need for the adherence to sound corporate governance, espoused through King IV, is irrefutable. The pandemic has changed the manner of operating in the automotive industry through disrupted global supply chains, material declines and uncertainty in sales figures and accelerated the rate of transformation of mobility. As Mercedes-Benz, we believe that only those who act in an ethically and legally responsible manner remain successful in the long term – this is especially true in times of upheaval and change as we are currently experiencing. The end of the COVID-19 pandemic is unknown; further necessitating the need to adhere to principles and leading practices in sound corporate governance to navigate these unprecedented times. Looking ahead, our goals are clear: MBSA looks to build on its 68 years of manufacturing history and also continue to make vehicles that inspire our customers, both today and tomorrow. Our goals also come with clear responsibilities: we will premise all we do on integrity and compliance at the core our corporate.
Sincerely,
Andreas Brand
Chief Executive Officer & Executive Director: Manufacturing
Mercedes-Benz South Africa Limited