Corporate Responsibility » Corporate Governance » Nominations Committee Report

Meetings of the Nominations Committee are held as the committee deems appropriate; however the committee meets at least once a year. The main purpose of the committee is to assist the Board to ensure that appointments of directors are made in terms of a formal and transparent procedure. The Nominations Committee currently consists of two (2) nonexecutive directors, of which one is independent.

The following directors served on the nominations committee, a sub-committee of the Board:
– Dr CH Wiese – chairman (non-executive); and
– Mr JA Louw – Independent non-executive director

Details of attendance of meetings by the members of the Nominations Committee are set out herein:

The committee’s terms of reference have been reviewed and updated during the year. One third of the directors will retire by rotation at the forthcoming annual general meeting. Dr CH Wiese and Messrs JF Malherbe, JA Louw and BR Weyers are due to retire by rotation at the next annual general meeting and, being eligible, offer themselves for re-election. Their re-election as directors is recommended to shareholders. The Nominations Committee is satisfied that it has carried out its responsibilities for the financial year in compliance with its terms of reference.