Clover’s Vision and Mission has been aligned to the value chain, and the company appreciates that strategy, risk, governance, performance and sustainability are inseparable. While the report has been structured to incorporate both the requirements of the Companies Act 71 of 2008 (Regulation 43), as well as the King Report on Governance in South Africa 2009 ("King III"). Clover has also adopted the latest Integrated Reporting Framework as issued by the International Integrated Reporting Council ("IIRC") in 2013.
This framework follows a principle based approach in which Clover describes the key components of its value chain (business model) it applied to create and sustain value for its stakeholders, since the company’s incorporation. This report is structured in accordance with the concept of the six capitals which takes into consideration the material inputs and resources required for Clover to create and sustain value in the long term. Clover’s value creation story takes into account the requirements of both Regulation 43 and King III, which are incorporated into the six capitals.