Interfront 2025 Annual Report

67 GOVERNANCE 01 Introduction At Interfront, governance transcends mere compliance requirement; it is a fundamental pillar that underpins our strategic objectives and daily operations. Effective governance systems ensure that the company is managed responsibly, ethically, and in alignment with stakeholder expectations. These systems encompass the structures, policies, and practices that guide decision-making and maintain accountability at every level of the organisation. As a state-owned entity and a subsidiary of the South African Revenue Service (SARS), Interfront adheres to a comprehensive legislative and regulatory framework. This framework includes but are not limited to the Companies Act, the Public Finance Management Act (PFMA), the King IV Report on Corporate Governance, the Basic Conditions of Employment Act, Broad-Based Black Economic Empowerment (B-BBEE) Act, Treasury Regulations, and National Treasury guidelines on Procurement. Compliance with these legal instruments and standards ensures that Interfront not only fulfils its statutory obligations but also upholds the highest standards of corporate governance. Through robust governance practices, we strive to enhance transparency, accountability, and ethical leadership while continuously monitoring and improving our internal controls. In this way, governance at Interfront supports long-term sustainability and value creation for all stakeholders.