Accountability Is the Precondition for Trust.
Bayerische Group operates in licensed, regulated and standards-governed markets. This page sets out how authority is delegated, how decisions are recorded, and the obligations under which we operate.
Governance Architecture
Governance at Bayerische Group is structured around four instruments, each approved by the Board and reviewed annually.
| Instrument | Purpose |
|---|---|
| Board Charter | Defines the composition, duties and reserved powers of the Board, the conduct of meetings, and the matters that may not be delegated to management. |
| Delegation of Authority | Sets financial and non-financial approval thresholds by role and by division, including expenditure, contracting, banking and commitment limits. |
| Group Policy Framework | Consolidates the policies governing procurement, conflicts of interest, anti-bribery, AML/CFT, information security, data protection and whistleblowing. |
| Decision & Resolution Register | A maintained record of Board and Executive Committee resolutions, providing an auditable trail of what was decided, by whom, and on what basis. |
Obligations We Are Held To
Our divisions operate within statutory regimes that carry licensing conditions, reporting duties and criminal sanction for non-compliance. We regard these as operating parameters rather than external burdens.
Sector Regulation
- Diamond Act 13 of 1999: licensing, registers and export control
- Kimberley Process Certification Scheme: rough diamond provenance
- Minerals (Prospecting and Mining) Act 33 of 1992
- Electricity Act 4 of 2007: ECB licensing and generation
- NamPower grid code and connection standards
- IEC and SANS equipment and installation standards
Corporate & Financial
- Companies Act 28 of 2004: directors' duties and reporting
- Financial Intelligence Act 13 of 2012: AML/CFT, KYC and reporting
- Prevention of Organised Crime Act 29 of 2004
- Anti-Corruption Act 8 of 2003
- Income Tax Act and Value-Added Tax Act obligations
- Exchange control administered by the Bank of Namibia
How Risk Is Managed
Risk register
A Group risk register is maintained by division, scored for likelihood and impact, with a named owner and a mitigation action for every entry above tolerance.
Counterparty due diligence
Clients, suppliers and partners are screened before onboarding, including beneficial ownership, sanctions and adverse media checks.
Segregation of duties
Authorisation, execution and recording of transactions are separated, with dual authorisation required above delegated thresholds.
Contract administration
A central contract register records counterparty, value, term, renewal date and obligations, reviewed before every expiry.
Business continuity
Continuity and incident-response arrangements are documented for each division, with defined recovery objectives for critical operations.
Whistleblowing
A confidential reporting channel is available to employees and counterparties, with protection from retaliation and escalation to the Board.
Diligence Enquiries.
Lenders, investors, auditors and public institutions may request governance documentation, statutory records and licence particulars from the Company Secretary.