72

CORPORATE GOVERNANCE REPORT Governance for Public Companies in Nigeria (“the SEC Code”), and the consistency of our governance practices with codes of corporate governance applicable in other jurisdictions. It is Dangote Cement’s objective to be Africa’s leading producer of cement, respected for the quality of our products and services and for the way we conduct our business, while delivering strong returns for our shareholders. Our approach to business success is based on the belief that there is a link between good corporate governance and creation of long-term shareholder value. We believe that strong governance is an essential foundation upon which to build our company, to enable and execute our growth strategy and thereby deliver better products and services to our customers. This is how we create and increase shareholder value. Aliko Dangote Chairman As Nigeria’s largest listed company we are committed to strong corporate governance. Dear Shareholders, I am pleased to present the Corporate Governance Report for 2016. In this report I will describe our system of governance, how our Board applies the Securities and Exchange Commission’s Code of Corporate 72 Annual Report 2016 As the largest public company in Nigeria and one of only three companies with a Premium Listing on the Nigerian Stock Exchange, we are committed to implementing strong corporate governance through structures and policies that are consistent with international best practices and which ensure we comply with all relevant laws and regulations in Nigeria and the other countries in which we operate. Our governance policies and practices are designed to ensure that our business is conducted in a fair, honest and transparent manner that conforms to the highest ethical standards, enables us to build strong relationships with customers and suppliers, ensures the welfare of all our employees, takes care of our environment and gives us the opportunity and resources to implement a commendable programme of social investment for the good of the communities in which we operate. At the heart of our corporate governance framework is our Board of Directors, which is responsible for the efficient execution of corporate strategy based upon sound principles of corporate governance. As Chairman of the Board, it is my responsibility to ensure its effective operation both directly and through its committees.

73 Publizr Home