Good governance is central to all of Pareto’s operations and activities. It is at the heart of Pareto’s vision to entrench its market-leading position in the retail property sector and to develop a significant footprint in the top end of the office property sector.
Pareto’s investment in new or existing retail or office developments – including the consideration of new opportunities – is always based upon the highest level of ethics, governance and responsibility.
The board of directors supports and endorses the principles of sound corporate governance as recommended by the King Code of Corporate Governance for South Africa. In line with these principles, Pareto has implemented a fraud prevention plan as well as a policy on risk management.
Through adapting a highly proactive stance on governance issues, Pareto aims to protect and maximize returns for its shareholders and play an important role in meaningfull development and transformation within the commercial property industry.
Driving meaningful transformation through quality asset management and investment is a central pillar of Pareto’s existence.
In line with its strong commitment to total transparency and robust corporate governance, Pareto has instituted its own "whistle blowing" initiative to stamp out fraud, corruption and other illegal activities. The Vuvuzela Hotline, which is outsourced to an independant service provider, operates on a strictly confidential basis, ensuring that whistle blowers can provide information with the full assurance that they have complete anonymity.