Our Governance
Governance as the strong foundation of SANBS’ business
Our Governance
Reporting frameworks, process and combined assurance
Evaluation of our Boards’ performance
SANBS understands the importance of regularly assessing the performance of its Board members. This evaluation process allows the Board members to reflect on their strengths and weaknesses, promote a healthy culture, and commit to continuous improvement, ensuring that they operate effectively and meet their governance goals.
The evaluation gathers various insights about how the Board operates and interacts, drawing on the perspectives and experiences of all Board members. It uses a mix of methods, including document reviews, individual questionnaires, and discussions with Board members.
These assessments are typically conducted by an independent external company every two years, or sooner if the Board feels it is needed. The last external evaluation was undertaken in 2023. All Directors, co-opted members, and the Company Secretariat participated, highlighting the inclusive nature of the evaluation process.
Positive feedback on governance
Participants praised the Board and committees for their strong commitment to good governance practices. They noted that the Board follows established guidelines, such as those from the King IV™ report, and maintained high standards in documenting its activities.
The Company Secretariat professionally manages the planning and administration of Board and committee meetings, supporting effective governance.
Participants also recognised that the culture within the Board is healthy and supportive, describing it as collegial, where members work well together and value one another's contributions. This positive atmosphere is essential for effective decision-making, engagement, and collaboration.
Commitment to continuous improvement
By assessing its own performance, as well as that of its committees, the Chairperson, and individual members, the Board promotes continuous improvement. These evaluations ensure that all Directors and the Board as a whole, can grow and enhance their effectiveness. The next external evaluation will take place in 2026.
Organising a face-to-face Board day to focus on team building and enhancing performance and culture for both Board members and co-opted members.
Done – strategy session
Conducting individual skills needs analyses and developing a tailored Director training plan to address identified gaps.
Done
Prioritising the development of a strong succession plan, particularly for the Exco and CEO, that includes business continuity considerations in the event of key resource loss.
Done
Performing a comprehensive stakeholder analysis and implementing a strategy to address the needs of each stakeholder group effectively.
Done
Reviewing the ethics function, particularly the handling of whistleblowing events, to enhance the Board's reputation, focusing on improving transparency and procedures in this area.
Done
Adopting a more future-focused strategic approach and embracing technology responsibly, with prioritisation strengthened to balance innovation, sustainability and cost-effectiveness.
Done
Enhancing induction to include orientation on Board committees, supported by increased feedback by committee chairs to the Board.
Done
Building on ongoing initiatives in ESG and the Greening Strategy.
WIP. Focus on E. See natural capital.
Committee attendance
Board Meeting Attendance – Non-Executive Directors
| Non-Executive Directors | Board | RTIG | NomCom | CGC | HR & Remco | GSEC | Audit |
|---|---|---|---|---|---|---|---|
| Caroline Henry | 4/4 | 4/4 | – | – | 3/3 | – | 4/4 |
| Faith Burn | 4/4 | 4/4 | – | 4/4 | – | – | 4/4 |
| Gary Leong | 4/4 | 4/4 | – | – | - | 3/3 | 4/4 |
| *Gunvant Goolab | 1/4 | – | 1/1 | 1/1 | – | 1/1 | – |
| Lerato Molefe | 4/4 | - | – | – | 2/2 | 3/3 | 4/4 |
| Manickavallie Vaithilingum | 4/4 | – | 4/4 | 4/4 | 3/3 | – | – |
| Phindile Mthethwa | 4/4 | 4/4 | – | – | 3/3 | 3/3 | – |
| Shauket Fakie | 4/4 | – | 4/4 | – | 3/3 | – | 4/4 |
| *Sipho Kabane | 1/1 | 1/1 | - | 1/1 | 1/1 | - | - |
| Thabo Mokgatlha (Chairperson) | 4/4 | - | 4/4 | 4/4 | – | 3/3 | – |
| *appointed 23 November 2024 | |||||||
Board Meeting Attendance – Executive Directors
| Non-Executive Directors | Board | RTIG | NomCom | CGC | HR & Remco | GSEC | Audit |
|---|---|---|---|---|---|---|---|
| Ravi Reddy | 4/4 | 4/4 | – | – | – | 3/3 | – |
| Karin van den Berg | 4/4 | 4/4 | – | 4/4 | – | – | – |
| ~Tshepo Kgage | 3/3 | - | – | - | – | – | – |
| ~appointed 12 September 2024 | |||||||
Board Meeting Attendance – Co-Opted Members
| Non-Executive Directors | Board | RTIG | NomCom | CGC | HR & Remco | GSEC | Audit |
|---|---|---|---|---|---|---|---|
| Brendan Damons | - | – | – | - | – | 3/3 | – |
| ^Candice Slump | - | - | - | 3/3 | – | – | – |
| Magda Ferreira | - | - | - | 4/4 | – | – | – |
| Nomusa Mashigo | - | - | - | 4/4 | – | – | – |
| ^Resigned as at 31 October 2024 | |||||||