Dangote Cement Plc Annual Report 2021
Deloitte.
18 January 2022
The Chairman
Dangote Cement Plc,
Leadway Marble House,
1, Alfred Rewane Road,
Ikoyi,
Lagos.
Deloitte & Touche
Civic Towers, Plot GA 1
Ozumba Mbadiwe Avenue
Victoria Island, Lagos
Nigeria.
Tel: +23412717800
Fax: +234 12717801
www.deloitte.com/ng
Dear Sir,
Report of the Independent Consultants on the Review of the Corporate Governance Framework and Performance of the
Board of Directors of Dangote Cement Plc.
Deloitte & Touche has performed the annual review of the corporate governance framework and performance evaluation of the
Board of Directors of Dangote Cement Plc ("Dangote Cement") for the year ended 31 December 2021. The scope of the review
included an assessment of the structure, mandate, and performance of the Board, Board Committees, and Management as it
relates to the company's overall strategic direction, stakeholder engagement, disclosures, and transparency.
The review was performed in compliance with Section 11.2.9.5, Principle 14, and Principle 15 of the Nigerian Code of Corporate
Governance ("NCCG"). We also evaluated the board's corporate governance framework and performance to align with regulatory
requirements under the Securities and Exchange Commission's Corporate Governance Guideline ("SEC Guideline"). The scope of
the review included an assessment of key areas of Dangote Cement's corporate governance and Board structure and composition
framework, Board operations and effectiveness, assurance and secretarial functions, corporate disclosures, and relationship with
stakeholders. Our evaluation report was premised on a desk review of relevant governance documents, policies, and procedures,
interview sessions with Directors and select members of executive management, and survey responses received from the
Directors.
Our evaluation result has shown that the Board, the Board Committees, Secretarial and Corporate Governance framework and
practices in Dangote Cement Plc comply with the extant Codes of Corporate Governance. We also ascertained that the key
Board functionaries (Board and Board Committee Chairpersons) and the Board Committees met their responsibilities under the
Codes and governance charters in Dangote Cement Plc. Finally, the report highlights our reviewed activities, observations, and
recommendations for the Board and Executive Management's sustained improvement actions.
Yours faithfully,
For: Deloitte and Touche
bukun Beecroft
Ibukun Beecroft
FRC/2020/ICAN/00000020765
Partner
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