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BLUE LABEL INTEGRATED ANNUAL REPORT 2016
Governance framework
continued
The Committees, their members and principal functions are set out below:
Committee
Members and attendees
Principal activities
Executive (weekly
meeting)
MS Levy (C)
EC de Villiers*
BM Levy
MV Pamensky~
DA Suntup
W van Reenen*
DR Hilewitz*
DB Rivkind*
•
Implement strategies and policies of the Group.
•
Manage the business of the Group.
•
Senior Management appointments and performance
management.
•
Prioritise the allocation of capital, technical matters and
human resources.
•
Review and approve acquisitions, disposals and
investments of up to R40 million per transaction.
Audit, Risk and
Compliance
(quarterly meeting)
JS Mthimunye (C)
EC de Villiers*
GD Harlow
BM Levy*
MS Levy*
P Mahanyele
†
DA Suntup*
SJ Vilakazi
More information on the activities and responsibilities of
the Committee is included on pages 58 and 59.
The report of the Committee is on pages 58 to 60.
Remuneration and
Nomination
(bi-annual meeting)
GD Harlow (C of RC)
LM Nestadt (C of NC)
EC de Villiers*
BM Levy*
MS Levy*
JS Mthimunye
DA Suntup*
•
Determine and agree with the Board, the framework or
broad policy for the remuneration of the Executive
Directors, Non-Executive Directors and any other
members of Executive Management, or as it is designated
to consider.
•
Annually evaluate the independence of Non-Executive
Directors as well as the composition of the board and its
committees.
•
Review, for recommendation to the Board, the design of
and targets for the Group’s Forfeitable Share Plan.
•
Determine annually whether awards are to be made
under the forfeitable share plan and the overall individual
amounts of such awards.
•
Recommend to the Board the remuneration of Non-
Executive Directors for approval by shareholders.
•
Identify and nominate candidates to fill vacancies on the
Board as and when they arise, for the ultimate approval
of the Board.
•
Recommend the appointment of new Executive and
Non-Executive Directors, including recommendations on
the composition of the Board and the balance between
Executive and Non-Executive Directors and any
adjustments that are deemed necessary.
The report of the Committee is on pages 53 to 57.