Audit Committee
Meets 3 times per year
  • Overseeing the effectiveness of the Group’s internal control systems.
  • Reviewing the scope and effectiveness of the external and internal audit functions.
  • Ensuring that adequate accounting records have been maintained.
  • Ensuring the appropriate accounting policies have been adopted and consistently applied.
  • Overseeing the quality and integrity of the annual financial statements.
  • Testing that the Group’s going-concern assertion remains appropriate.

Chris Seabrooke,
Lulu Gwagwa, Phumzile Langeni

Risk Committee
Meets twice per year
  • Reviewing and reporting on compliance with King III.
  • Overseeing the Group’s risk management programme as contemplated in King III.

Chris Seabrooke,
Norman Gray, Lulu Gwagwa,
Guy Hayward, Phumzile Langeni,
Mike Spivey, Johannes van Lierop*

Nomination Committee
Meets 4 times per year
  • Assessment, recruitment and nomination of new executive and non-executive directors.
  • Making recommendations as to the composition of the Board.
  • Formulating succession plans for the approval of the Board for the appointment of new executive and non-executive Directors, including the Chairperson, CEO and the Group’s Executives.

Kuseni Dlamini,
Shelley Broader, Chris Seabrooke

Remuneration Committee
Meets 4 times per year
  • Designing, monitoring and communicating the Group’s remuneration policies.
  • Considering and approving executive remuneration including short- and long-term incentives.

Chris Seabrooke,
Shelley Broader, Kuseni Dlamini

Social and Ethics Committee
Meets twice per year
  • Assists the Group with its responsibility towards sustainability with respect to practices that are consistent with good corporate citizenship.
  • Considers the Group’s standing in terms of consumer relationships, with particular attention to the United Nations Global Compact Principles and the OECD recommendations concerning corruption.
  • Considers the Group’s contribution to the social and economic development within our communities.
  • Monitoring the Group’s activities relating to labour and employment, the environment, health and public safety, and consumer relationships.

Phumzile Langeni,
Guy Hayward, JP Suarez

* Ilan Zwarenstein resigned as Group FD with effect from 12 March 2015, at which time Johannes van Lierop was appointed as CFO of Massmart. 

View more information on the activities and responsibilities of the Audit, Risk, Nomination and Executive Committees.
View more information on the activities and responsibilities of the Remuneration and Social and Ethics Committees.