At the start of 2022, you started as a Financial Manager at Unite Finance Group (Pty) Ltd (Unite). You have recently completed a specialised course in Ethics and Corporate Governance and were asked by the CEO to assist with and make recommendations where needed with all corporate governance matters in relation to King IV. The following information was provided to you: Shareholders of Unite Finance Group (Pty) Ltd: Ultimate Finance (Pty) Ltd 52% Unity Finance (Pty) Ltd 30% Mr. G Penning 18% Board of Directors: Mr. G Penning Was appointed as chairperson by the Board in August 2018. He first served as the CEO until July 2018. He also served in the period as Chairperson of the Audit and Remuneration