Each Board Committee has a charter, or terms of reference, that is formally signed off by the Board and is reviewed annually by the Committees and Board to ensure relevance. Massmart currently has the Risk Committee, the Audit Committee, the Remuneration Committee, the Nominations Committee and the Social and Ethics Committee.
Each Board Committee has a charter, or terms of reference, that is formally signed off by the Board and is reviewed annually by the Committees and Board to ensure relevance.
Board members’ attendance at the meetings for the 52 weeks ended 30 December 2018
|BOARD MEMBERS||Status / Position||Board||AGM||Audit||Risk||Nomination||Remuneration||Social & Ethics|
|K Dlamini||Independent Non-executive||4/4C||1/1C||0/31||–||4/4C||4/4||–|
|CS Seabrooke||Lead Independent Non-executive||4/4||0/1||3/32||2/22||4/42||4/42||–|
|NN Gwagwa||Independent Non-executive||4/4||1/1||3/3||2/2||–||–||–|
|P Langeni||Independent Non-executive||4/4||1/1||3/3||2/2||4/4||4/4C4||2/2C|
|Enrique Ostalé||Independent Non-executive||4/4||1/1||3/3*||2/2*||4/4||4/4||–|
|JJM van Lierop||Executive||4/4||1/1||3/3*||2/2||–||–||–|
|J Bruyns||Human Capital Executive||–||–||–||–||–||–||2/2*|
|B Leroni||Corporate Affairs Executive||–||1/1*||–||–||–||–||2/2*|
|D Moodley||Chief Audit Executive||–||–||3/3*||2/2*||–||–||2/2*|
|NJ Ralebepa||Company Secretary||4/4*||1/1||3/3*||2/2*||4/4*||4/4*||2/2*|
|T Rogers||Group Tax Executive||–||–||3/3*||2/2*||–||–||–|
|P Semenya||Chief Audit Executive/td>||–||–||2/3*||1/2*||–||–||–|
|Prof D de Jongh||Independent Committee Member||–||–||–||–||–||–||2/2|
|No of meetings||4||1||3||2||4||4||2|
1 Resigned as a member of the Audit Committee effective 25 May 2018
2 Resigned as a member of the Audit, Risk, Nominations and Remuneration Committee effective from 30 September 2018 and continued to attend Committee meetings in capacity as an invitee.
3 Appointed as a non-executive director of the Board and member of the Audit and Risk Committee’s effective 25 May 2018. Attended the Board Meeting held on 24 May 2018 as an invitee.
4 Appointed as Chairperson of the Remuneration Committee effective 01 October 2018.
5 Appointed as the Chief Audit Executive of Massmart effective 01 August 2018.