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Corporate governance

Kimberly-Clark South Africa is a wholly owned subsidiary of Kimberly-Clark Corporation, a US public company listed on the New York Stock Exchange.

Kimberly-Clark Corporation

The Kimberly-Clark Corporation Board of Directors is accountable for ensuring ethical corporate governance and compliance with applicable laws. Ten out of the 11 board members are independent of management, including the lead director.

Many of Kimberly-Clark’s corporate governance practices long predated the U.S. Securities and Exchange Commission and New York Stock Exchange rule changes.

The Board of Directors adopted the Corporate Governance Policies in 1994. These have been amended from time to time in accordance with changes in rules and regulations and developing governance practices.

These policies guide the Corporation and the Board on matters of corporate governance, including

  • director responsibilities
  • Board committees and their charters
  • director independence
  • director qualifications
  • director compensation and evaluations
  • director orientation and education
  • director access to management
  • Board access to outside financial, business and legal advisors
  • management development and succession planning

Kimberly-Clark South Africa

Kimberly-Clark South Africa is led by a South Africa based Managing Director together with a team of executive directors.

Our policies and procedures are closely connected to Kimberly-Clark Corporation global policies. Compliance to these policies, procedures and related regulations is deeply entrenched in our corporate culture. Compliance is regularly audited internally by Kimberly-Clark Corporation auditors and is audited annually by Deloitte & Touche South Africa.

Code of Conduct

The global Code of Conduct [PDF, 24 pages,1,389 kB] applies to every Kimberly-Clark employee around the world without exception.

In 2006, Kimberly-Clark launched an anonymous, free, 24 hour phone line and website which allows employees to report concerns about potentially unethical or illegal activity anonymously. The Line is operated by an independent company and staffed by professional interviewers, and all complaints are investigated.

Corporate policies

The full text of the these policies can be found at the Governance section of the Kimberly-Clark Corporation web site.