Daybreak Farms embarks on governance transformation journey under new leadership

SOUTH AFRICA – Daybreak Farms a South African integrated poultry business is embarking on a governance transformation journey under the stewardship of its new CEO, Mr. Richard Manzini.

Expecting to finalize its entire C-Suite team by April 1, 2024, the company announces the introduction of a performance-oriented culture focused on improving operational efficiency and financial revitalization.

In addition, as part of its governance reinforcement measures, Daybreak Farms has engaged the esteemed audit firm SAB&T Chartered Accountants, trading as Nexia, for a three-year audit commitment.

According to the company, the partnership underscored the company’s commitment to upholding the highest standards of financial integrity and regulatory compliance.

Furthermore, the company has subjected its policies and procedures to a comprehensive review by SNG Grant Thornton, ensuring alignment with industry best practices.

The anticipated board adoption of these refined policies in March 2024 reflected Daybreak Farms’ dedication to instilling a robust governance framework.

Moving forward, the company plans to strengthen its internal audit function by adding a specialized external assurance layer, reinforcing its internal control system.

Emphasizing the importance of leveraging ICT governance and system-generated data for agile decision-making, Daybreak Farms highlighted its aim to enhance operational effectiveness and strategic foresight.

Meanwhile, in its commitment to fostering an ethical corporate culture, the company has begun a transformative journey to enhance its ethics quotient, involving a comprehensive ethics risk assessment, strategy, and plan, along with measures to encourage declarations of interest and combat bribery and corruption.

Under the ownership of the Public Investment Corporation SOC Ltd (PIC), Daybreak Farms celebrates the governance transformation journey that commenced with the appointment of a board of directors in October 2022.

Led by Ms. Vuyelwa Matsiliza, the board has played a pivotal role in driving governance enhancements and facilitating financial revitalization.

With a view towards transparency and accountability, Daybreak Farms aims to achieve its next governance fully integrated annual report aligned with international standards and data assurance.

The report will articulate the company’s commitment to incorporating Environmental, Social, and Governance (ESG) principles into its operations, further bolstering its reputation as a responsible corporate citizen.

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