Board committees

The Board has established Committees to assist it with fulfilling its responsibilities in accordance with the provisions of the Company’s Board Charter. Nonetheless, the Board acknowledges that the delegation of authority to its Committees does not detract from the Board’s responsibility to discharge its fiduciary duties to the Company.

The Board has established the following permanent Committees:

Audit and Risk Committee

Members:

• TA Boardman (Chairman)
• F Abbott (appointed by shareholders of the Company on 4 December 2015)
• Dr MMM Bakane-Tuoane
• AD Botha
• AK Maditsi
• Dr RV Simelane

Investment Committee

Members:

• ZB Swanepoel (Chairman)
• F Abbott
• AD Botha
• AK Maditsi

Nomination Committee

Members:

• AK Maditsi (Chairman)
• Dr MMM Bakane-Tuoane
• JA Chissano
• Dr RV Simelane

Non-executive Directors’ Committee

Members:

• AK Maditsi (Chairman)
• Dr MMM Bakane-Tuoane
• F Abbott
• TA Boardman
• AD Botha
• JA Chissano
• WM Gule
• Dr RV Simelane
• ZB Swanepoel

Remuneration Committee

Members:

• Dr MMM Bakane-Tuoane (Chairman)
• F Abbott
• TA Boardman
• AD Botha
• AK Maditsi

Social and Ethics Committee

Members:

• Dr RV Simelane (Chairman)
• Dr MMM Bakane-Tuoane
• AK Maditsi

Ad hoc Board Committees

The Board has the right to appoint and authorise special ad hoc Board Committees, comprising the appropriate Board members, to perform specific tasks as required.

Management Committees

The Company has various Management Committees comprising Executive Directors and senior executives who are considered essential to the functioning of the Company and ensuring the appropriate control and provision of information to the Board:

• Executive Committee
• Management Risk and Compliance Committee
• Steering Committee
• Growth and Strategic Development Committee
• Employment Equity and Skills Development Committee
• Treasury Committee
• Information Technology Steering Committee