OUR GOVERNANCE
Governing Structures and Delegation
GOVERNING STRUCTURES AND DELEGATION - PRINCIPLES 6,7,8,9 & 10
EVALUATION AND PERFORMANCE OF THE BOARD - Principle 9 Applied
The Board ensures that the evaluation of its own performance, and that of its committees, its Chairperson and its individual members, supports continued improvement in its performance and effectiveness.
The Board ensures that assessments of the individual Directors, the Chairperson of the Board, the Board as a whole and the Board committees are conducted to support continued improvement in performance and effectiveness. Assessments are conducted by an independent external company every two years or when the Board deems it necessary.
The Lead Independent Director is appointed to lead the evaluation of the Chairperson’s performance if a Lead Independent Director is not already in place.
A performance evaluation is being conducted in 2023.
Every alternate year, the Board schedules in its yearly work plan an opportunity for consideration, reflection and discussion of its performance and that of its committees, its Chairperson and its members as a whole Board.
The Nominations Committee has considered service providers which can undertake the next Board evaluations that are scheduled to take place in the latter part of 2023.
GOVERNING STRUCTURES AND DELEGATION - PRINCIPLES 6,7,8,9 & 10
APPOINTMENT AND DELEGATION TO MANAGEMENT - PRINCIPLE 10 applied
The Board ensures the appointment of, and delegation to management contributes to role clarity and the effective exercise of authority and responsibilities.
To ensure the effective execution of the SANBS strategy, the Board has assigned the responsibility of implementing the strategy to the CEO. The CEO is entrusted with designing and implementing detailed plans to execute SANBS’ strategy.
APPOINTMENT AND DELEGATION TO MANAGEMENT
