The Board

The Board is responsible for setting the Company’s strategic direction, leading and controlling the Company and monitoring activities of the executive management. The Board presents a balanced and understandable assessment of the Company’s progress and prospects.

The Board consists of the Chairman, 8 non-executive directors (of which 3 are independent in terms of the Listings Requirements of the JSE) and 2 executive directors. The non-executive directors are independent of management and free from any constraints, which could materially interfere with the exercise of their independent judgement. They have experience and knowledge of the industry, markets, financial and/or other business information to make a valuable contribution to the company’s progress. The Chief Executive Officer is a separate individual from the Chairman and he implements the management strategies and policies adopted by The Board. The Board meets at least four times a year.