OUR GOVERNANCE

Committees of The Board

GOVERNING STRUCTURES AND DELEGATION - PRINCIPLES 6,7,8,9 & 10

Committees of the Board - Principle 8 Applied

The Board ensures that its arrangements for delegation within its own structures promote independent judgement and assists with the balance of power and the effective discharge of duties.

Board Committee Focus 2023 and Outlook for the Year Ahead 2024

Nomination Committee

Declaration: The Committee has executed its responsibilities in accordance with its approved mandate.

CHAIRPERSON - Thabo Mokgatlha
Committee purpose and how it contributes to value creation

The overarching role of the Committee entails assisting the Board in ensuring that:

  • The Board and its Committees are appropriately constituted with the right skills, qualification and training
  • Qualified directors are identified for nomination, election and appointment to the Board through a formal and transparent process
  • There is an established and maintained Board continuity programme and an evaluation of the Board and Committees
Members of the committee during the period 1 April 2022 to 31 March 2023
  • Thabo Mokgatlha (Chairperson)
  • Ansie Ramalho (from 27 November 2022)
  • Dr John Black
  • Phindile Mthethwa (until 27 November 2022)
  • Dr Monica Vaithilingum
Key focus areas and value-creating activities for the period under review
  • Considered board structure, size and composition (Incl. skills requirements, succession planning, rotation schedule, members tenure, age, transformation, gender)
  • Identification and recommendation of director candidates to the Board for nomination
  • Oversight of the appointment of the Lead Independent Director
  • Monitored the performance of the Board against targets for race and gender representation
  • Oversight of vetting of candidates prior to nomination as directors
  • Engaged National Council on the nomination processes
  • Reviewed and recommended Board succession planning – for replacement of directors whose tenure is reaching completion
  • Director development, training and development plans
  • Ensured the incoming directors understand the complexities of SANBS business underpinned by a Board Induction Programme; amended during the year
Future focus areas 2024
  • Continued assessment of optimal board composition
  • Ensuring effective nomination process and engagement in this regard with Council
  • Oversight of Board evaluation
  • Facilitation of director development
Capitals
Stakeholders
King IVTM
Risks
RTIG Committee