Integrated_Annual_Report_2026 - Flipbook - Page 76
INTRODUCTION
SASOL AT A
GLANCE
DRIVING SUSTAINABLE
VALUE CREATION
EXECUTING
STRATEGY
DELIVERING
BUSINESS VALUE
SUMMARISED FINANCIAL
PERFORMANCE
CORPORATE
GOVERNANCE
SUSTAINABILITY
REPORT
REMUNERATION
REPORT
ASSURANCE /
ADMINISTRATION
GOVERNANCE OVERVIEW
Governance at Sasol supports
disciplined decision-making, effective
oversight and long-term value creation.
The Board steers and sets the direction of
the Group, bringing independent, informed
and effective judgement to bear on material
decisions, while ensuring that strategy, risk,
performance and sustainable development
considerations are appropriately balanced.
The Board confirms that Sasol has applied all the principles of the
King V Report on Corporate Governance™ for South Africa, 2025 (King
V™) during the reporting period. The governance practices described
in this report and further detailed in the Sasol’s King V application
and disclosure report have contributed to the strengthening of the
governance outcomes of ethical culture, performance and value creation,
conformance and prudent control, and legitimacy.
The Board oversees purpose, strategy and value creation; holds
management accountable for execution and conduct; governs risk,
internal control, information, and decision making; and considers
stakeholder interests, social responsibility, and the Group’s long-term
viability. In FY26, the Board’s oversight remained aligned to the strategy
presented at Capital Markets Day (CMD) in May 2025: strengthening
the foundation business while positioning Sasol for growth and
transformation. Focus remained on restoring the Southern Africa value
chain, resetting International Chemicals, maintaining disciplined capital
allocation and deleveraging, advancing the Emission Reduction Roadmap
and renewable energy ambition in a value-accretive way, and preserving
value in the gas business as transition choices evolve. Public updates
also highlighted safety leadership, operational resilience, balance sheet
strength, proactive risk management, and pragmatic decarbonisation that
supports energy security and affordability.
Sasol’s governance structure is designed to ensure clear accountability
and the effective exercise of authority. The Board operates through its
Committees and an established delegation of authority framework, while
management, led by the President and Chief Executive Officer and the
Group Executive Committee, is responsible for strategy execution and
day-to-day operations within delegated limits. As shareholder, Sasol
Limited actively exercises its rights and participates in decision-making
on material matters across its subsidiaries. Subsidiaries adopt the
Group governance framework, with their Memoranda of Incorporation
aligned accordingly. This structure enables focused Board oversight of
matters most material to sustainable value creation, without impinging
on management’s execution responsibilities.
Sasol governance framework
Sasol Limited shareholders
SASOL LIMITED BOARD
Audit
Committee
Nomination and Governance
Committee (NGC)
Strategy/sustainability
Remuneration
Committee
Safety, Social and Ethics
Committee (SSEC)
Capital Investment
Committee
PRESIDENT AND CHIEF EXECUTIVE OFFICER
Performance
Risks/Opportunities
Disclosures
GROUP EXECUTIVE COMMITTEE (GEC)
Control/Assurance
Capital Structuring
and Allocation
Committee
Disclosure
Working Group
Employee and
Remuneration
Committee
Safety, Health and
Environment
Committee (SHE)
Sanctions
Compliance
Committee
Ad hoc GEC mandating and steering committees
EXECUTIVE VICE PRESIDENTS
Subsidiaries (wholly-owned)/Operating Model Entities
Subsidiaries (wherein external shareholder) and Joint venture (JV) Boards and shareholders
STAKEHOLDERS
ETHICAL FOUNDATION
SASOL INTEGRATED REPORT 2026
75
Further detail on the Chairman’s
perspective, Board composition,
Committee responsibilities,
governance actions and the
application of King V™ is provided
in the Corporate governance
section of this report.
