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 fully committed to good corporate governance in dealing with shareholders and all other stakeholders. NICO Holdings Plc formally adopted the Malawi Code II 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 Malawi Code II.