The Sovereign Foods group prizes its reputation in the marketplace for fair dealing, accountability and openness in conducting its business affairs. It strives to carry out its business within an ethical framework that gives effect to these principles. At the same time it strives to benefit the community in which it operates, whilst it seeks to avoid, or at least to minimise, any possible damaging effects that its operations may have on the environment. The board of directors and management endorse the principles of good corporate governance as set out in the King I and King II reports, especially the need to conduct the enterprise with integrity and accountability. The group has complied fully with the requirements of the King I and King II reports during the period under review.