Cap. 10:31 Punuc EN·nnEs CoRPORA:rE GovERNANCE No. 4/2018 (c) is business-oriented and understands business requirements and, the long term strategy of the company and can translate these into efficient and effective ICT solutions; (d) has a strategic approach to business and is able to foresee the integration of ICT into business strategic thinking and to develop it; (e) is able to exercise care and skill in designing, deY eloping, implementing and maintaining sustainable ICT solutions. 308. The Board should monitor and evaluate significant ICT investment and expenditure by overseeing the proper value delivery ofiCT, ensuring that the expected return on investment is delivered and that the information and intellectual property contained in the information systems is protected. 309. In the acquisition and disposal of ICT good-; and services good govemance principles should apply to all parties in the supply chain. 310. The Board should obtain independent assurance of the company's ICT governance and controls supporting ICT sen'iccs. 311. ICT risks should fonn pmt of the company's risk management processes covered in Chapter 4. 312. Management should regularly demonstrate to the Board that the company(a) has adequate business resilience and strategies for disaster recovery arising from or in connection with ICT related risks; (b) is insulated from legal suits arising from or in connection with the possession, mvncrship and operational use of the ICT technology by ensuring that ICT related laws, rules, codes and standards are compiled with; (c) uses ICT to assist it in managing risks in compliance with applicable laws, rules, codes and standards. 313. Companies should publish on their websites the texts of their memorandums and articles of association and any amendments thereto, quarterly repotts, audit reports, important infom1ation relating to genera! shareholders meetings of the company and important resolutions of the Board relating to the company's development strategy. 314. Company disclosure, as prescribed by the law, codes and standards, should be complied with. Integrated and Sustainability Reporting 315. Integrated reporting incorporates a company's strategy, governance, financial performance and future outlook in one repmt. The repo1t should also contain environmental, social and governance issues "vhich impact on the company's operations. The integrated report should be guided by the requirements of the Global Reporting Initiative's International Integrated Reporting Council (IIRC) as published from time to time, and any other reputable international repmting framework. 316. The Board should- (a) ensure that infotmation which must be disclosed in terms of the law and this Code is disclosed in an integrated manner which gives a holistic and integrated representation of the company's performance in terms of its finances and its sustainability; (b) formally adopt a suitable reporting framework for use by management in integrated and sustainability repmting; (c) be responsible for ensuring that a company has a formal process in place for publishing the integrated and sustainability repmt; 149