The Nominations Committee Review

We also oversee the evaluation programme for the Board and its Committees and assesses the competence and experience of the Group Company Secretary and reports the outcome of its assessment to the Board. We also assist the Board with the formulation of succession plans.

What kept our Nominations Committee busy in 2020 and what will keep it busy in 2021 and beyond:

The focus of the Committee in 2020

• Ensured that policies and procedures are in place to ensure the Board leads ethically and effectively
• Sought independent external assessment of the Board’s self-assessment
• Monitored conflicts of interest and oversaw the introduction of a revised conflicts of interest policy which was adopted post year-end
• Also monitored Directors’ dealing in Company securities, declarations of interest and regular review and assessment of the independence of independent Non-Executive Directors
• Reviewed the composition of the Board and its sub-Committees with regard to the Board race and gender diversity policies

The focus of the Committee in 2021 and beyond

• Assess and enhance the effectiveness of succession planning for senior executives, the Chief Executive Officer, the Chief Financial Officer and Non-Executive Directors
• Monitor the application of the revised conflicts of interest policy, Directors’ dealing in Company securities, declarations of interest as well as an annual review and assessment of the independence of Independent Non-Executive Directors
• Monitor policies and procedures in place to ensure they support the Board’s ability to lead ethically and effectively
• Facilitated Board and sub-Committee assessments

Kuseni Dlamini
Chairman of the Nominations Committee

8 Aprill 2021