Governance structures

SHAREHOLDERS AND STAKEHOLDERS
AFROCENTRIC BOARD OF DIRECTORS
Adds value through strategic leadership, guidance and ultimate oversight in ensuring a sustainable business that is accountable to shareholders and responsible to other stakeholders.

The Board manages corporate governance and the execution thereof through the various Committees. These Committees monitor the proper operation of the structures and systems of the Company and report to the Board.

Audit and Risk
Committee


Adds value by assessing and ensuring the Company’s financial sustainability, and by providing oversight over IT governance.
  Remuneration
Committee


Adds value by ensuring optimal remuneration structures to attract, retain and motivate world-class employees who enable and support the business strategy.
  Nominations
Committee


Adds value by assisting the Board to identify and source appropriately skilled Directors who can individually and collectively add value to the Boardics.
  Investment
Committee


Adds value by interrogating all capital projects above the Executive heads’ mandate against financial, technical and strategic metrics prior to action.
  Social and Ethics
Committee


Adds value by investigating all claims of unethical behaviour and recommending appropriate action. Provides independent oversight on matters in the Remuneration and Risk Committees’ mandates by reviewing actions through a moral lens or based on a more holistic ethical view, and taking accountability for specific areas within its mandate.
  AfroCentric Health
Transformation
Committee


Adds value by reviewing all codes on transformation and B-BBEE and employment equity practices.
In assisting the Board in discharging its responsibilities, the Committees provide comprehensive reporting and recommendations, ensuring transparency and full disclosure. This also provides the Board with internal and external indicators that allow it to formulate relevant strategy and mitigate risk.

 

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