ArcelorMittal South Africa Annual Report 2009 44 Corporate governance complied in all material respects with these regulations. While the board is satisfied with its level of compliance with the governance requirements of the JSE, it recognises that practices and procedures can always be improved. JSE SRI Index Annual Review 2009 ArcelorMittal South Africa qualified for the 2009 JSE’s Socially Responsible Investment (SRI) Index. The JSE identified the 30 best performers as those companies which have met the relevant required environmental threshold, as well as all applicable core indicators in the socialand governance areas. ArcelorMittal South Africa was rated as one of the best performers this year in the high environmental impact category. Changes made during the year and plansfor the year ahead The board’s governance policies and procedures are continually updated to ensure ongoing adherence to the JSE Listings Requirements, Kingand current legislation. During the period under review, the following changes were made: •  The Human Resources Committee was renamed the Remuneration Committee and Mr LP Mondi was appointed as a member with effect from 4 February 2010. •  The AuditCommittee and Risk Committee were combined to form the Audit and Risk Committee. Mr EK Diack was appointed as Chairman and Messrs DCG Murray and M Macdonald as members with effect from 4 February 2010. Introduction ArcelorMittal South Africa is listed on the JSE Limited (JSE). The company is subject to the JSE Listings Requirements, the guidelines contained in the 2002 King Report on Corporate Governance for South Africa (King), Companies Act No 61 of 1973, as amended (the "Act"), as well as other legislation applicable to companies in South Africa. The board ensures that conduct of its business is done according to the highest standards of corporate governance. The board strives to foster a culture that values and rewards exemplary ethical standards, personal and corporate integrity. The board is committed to the principles of openness, integrity and accountability and supports the principles contained in King. Statement of compliance The JSE Listings Requirements require that listed companies report on the extent to which they comply with the principles incorporated in King. An assessment was completed and presented to the board. The board, to the best of its knowledge and belief, is of the opinion that throughout the accounting period under review, the company has applied the principles of King. ArcelorMittal South Africa has further reviewed the rules and regulations of the JSE Listings Requirements and is satisfied that it The board of directors takes ultimate responsibility for the company’s adherence to sound corporate governance standards and sees to it that all business judgements are made with reasonable care, skill and diligence.