The NICO Group recognizes that good corporate governance is key in ensuring that the Group achieves its objectives for the benefit of its shareholders while taking cognizance of the interests of all other stakeholders. The Group is thus fully committed to good corporate governance in dealing with shareholders and all other stakeholders. NICO Holdings formally adopted the Malawi Code II (“the Code”) and where appropriate will supplement with internationally recognized corporate governance principles including the King Code of Governance Principles. The company carries out periodic assessments of the adherence to the Code.