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Board of Directors

The Board of Directors is responsible for the total and effective control of the Group.

The chairperson of the Board is an independent non-executive director in accordance with the requirements of King III. The Board has also appointed a lead Independent Director in line with the recommendations of King III as well as the JSE Listings requirements. In terms of the Memorandum of Incorporation, the non-executive directors are selected for specific terms and their reappointments are not automatic, but by way of nomination and election.

The executive directors and the company secretary are appointed by the Board. The Board meets at least five times a year and reviews strategy, operating and capital budgets, as well as operating results. Other matters relating to the overall objectives of the Group are also debated. Additional Board meetings are held during the year if needed. The Board fulfils its duties in terms of a decision-making framework which is reviewed from time to time.

Board Charter (PDF – 57 KB)
Lead Independent Charter (PDF – 78 KB)