Related party transactions
The company evaluates and monitors transactions with its related parties and ensures that any conflicts of interest are duly taken into account in the company’s decision-making. The company is responsible for defining and identifying its related parties and related party transactions and for maintaining a list of its related parties.
If related party transactions are material to the company and deviate from the company’s normal business operations or are carried out on terms other than normal commercial terms, the company explains the decision-making process for such related party transactions.
The company ensures that the company has identification, decision-making, approval, reporting and control practices in place that duly take into account the principles of the Limited Liability Companies Act and any conflicts of interest.