Our Approach

Code of Conduct

Vodacom has a detailed code of conduct requiring all executives and employees to maintain the highest ethical standards. The code of conduct aims to ensure that Vodacom’s business practices are conducted in a manner that is beyond reproach. Download the code of conduct


Vodacom has a unitary Board of 12 directors. Five directors, including the Chairman, are independent non-executive directors. Five are non-executive directors and two are executive directors. Although the majority are non-executive directors, half of our non-executive directors are not independent as recommended by King IV as they represent Vodafone.

Corporate Governance Statement

Vodacom is committed to the highest standards of business integrity, ethics and professionalism. The King IV report on Corporate Governance for South Africa 2016 was released on 1 November 2016. King IV advocates an outcomes based approach and defines corporate governance as the exercise of ethical and effective leadership towards the achievement of the following governance outcomes:

  • Ethical culture;
  • Good performance;
  • Effective control; and
  • Legitimacy

The application of King IV is on an apply and explain basis and while the effective date for disclosure on the application of King IV is only in respect of financial years starting on or after 1 April 2017, the practices underpinning the principles so espoused in King IV are entrenched in many of the Group’s internal controls, policies and procedures governing corporate conduct. From a materiality point of view, the Board is satisfied that in the main, Vodacom has applied the principles so set out in King IV. Download Corporate Governance statement http://vodacom-reports.co.za/integrated-reports/ir-2020/documents/corporate-governance-statement.pdf.

Memorandum of Incorporation

Business principles

Vodacom's code of conduct has 8 underlying business principles. Download Business Principles

Risk management

Risk and control procedures are enhanced on an ongoing basis. Directors consider our strategic risks when they formulate strategy, approve budgets and monitor progress against business plans. Download Risk Management Report

Anti-Bribery policy

The Vodacom Code of Conduct clearly outlines Vodacom’s zero tolerance to any form of bribery. Our Anti-Bribery policy sets out examples of conduct that could amount to an offence under Anti-Bribery Laws. Download Anti-Bribery policy.

Human rights at work

Vodacom is committed to ensure internationally acceptable human rights standards in its employment practices at all of its operations across the globe. Download our Declaration on Human Rights at Work Guide.

Board Structure

Click on the committees below to view the members

Boards Structure

Executive Committee

The Board takes overall responsibility for Vodacom’s success. Its role is to exercise leadership and sound judgement in directing Vodacom to achieve sustainable growth and act in the best interests of all our stakeholders.

Corporate governance structure

Board (Board committee)  
Nomination committee View Nomination committee
Remuneration committee View Remuneration committee
Social and Ethics committee View Social and Ethics committee
Executive committee View Executive committee
Audit, Risk and Compliance Committee View Audit, Risk and Compliance Committee
Independent non-executive directors View Independent non-executive directors
Non-executive directors View Non-executive directors
Executive directors View Executive directors


CEO (Executive committee)
Nomination committee
Remuneration committee
Social and Ethics committee
Executive committee
Audit, Risk and Compliance Committee
Independent non-executive directors
Non-executive directors
Executive directors