Board charters

Board charter [PDF - 7MB]

Board structure & Committees

Board
Chairman: Dr Anna Mokgokong

The Board is the highest governing authority of the Group and is responsible for corporate governance and setting strategy direction. The Board formulates the Group's strategy in line with the organisational vision and values and ensures all business decisions and judgements are made with reasonable care, skill and diligence.

Audit and Risk Committee
Chairperson: Bruno Fernandes
  • Responsible for governance and compliance with applicable laws and regulations
  • Monitors and ensures the combined assurance model is applied and incorporates various assurance services
  • Assesses suitability for appointment of audit firm and partner
  • Oversees the auditing process
  • Ensures the integrity, accuracy and adequacy of accounting records
  • Evaluates risk strategy including outcome of assessments and ensures application of effective risk management policies and practices
  • Reviews the business continuity planning within the Group
  • Reviews and ensures the quality of the IR
  • Oversight of ICT
ICT Steering Committee
Chairperson: Sello Mmakau
  • Considers and steers high-level and high-impact ICT projects, including the Group digitisation strategy
  • Aligns ICT and business strategies, goals and resources and achieves competitive advantage through ICT
  • Monitors ICT projects against ICT master systems plan
Investment Committee
Chairperson: Joe Madungandaba
  • Plans, implements and monitors new capital expenditure projects, evaluating on completion and reporting findings to the Board
  • Makes recommendations to the Board, monitors and reports on material acquisition, merger or disposal opportunities, and ongoing material transactions and related matters
Social and Ethics Committee
Chairperson: Dr Nkateko Munisi
  • Monitors anti-corruption and employment equity policies
  • Monitors all executive actions related to the Group's standing as a responsible corporate citizen
  • Monitors the Group's Code of Ethics, and investigates, resolves and reviews any matters which may contravene the Code of Ethics
Remuneration Committee
Chairperson: Joe Madungandaba
  • Recommends the remuneration policy to the Board for approval
  • Approves the remuneration report for disclosure as per King IV
  • Determines and monitors the remuneration and contractual terms of the Executive Directors and Group Executive Committee members
Nomination Committee
Chairperson: Dr Anna Mokgokong
  • Responsible for nomination, election, succession planning and Board appointments
  • Oversees the development of a formal induction programme for new directors
  • Evaluates the Board and examines the skills and characteristics required of Board candidates

 

All rights Reserved.