BOARD COMMITTEES

AUDIT AND RISK COMMITTEE

    COMPOSITION   SCHEDULED MEETINGS   RESPONSIBILITY
             

CORPORATE GOVERNANCE
More information on the activities and responsibility of the Audit and Risk Committee can be found on the here.

 

Chris Seabrooke
Mark Lamberti*
Lulu Gwagwa
Phumzile Langeni

*Mr Mark Lamberti has been
appointed a member of the Audit and Risk Committee with effect from 4 March 2013. This appointment will be put to shareholders
for approval at the Company’s May 2013 Annual General Meeting.

 

4 TIMES a year

TWICE in this 26 week reporting period

 
  • Overseeing the effectiveness of the Group’s internal control systems.
  • Reviewing the scope and effectiveness of the external and internal audit functions.
  • Ensuring that adequate accounting records have been maintained.
  • Ensuring the appropriate accounting policies have been adopted and consistently applied.
  • Reviewing and reporting on compliance with King III.
  • Testing that the Group’s going-concern assertion remains appropriate.
  • Overseeing the quality and integrity of the annual financial statements.
  • Overseeing the Group’s risk management programme as contemplated in King III.

NOMINATION COMMITTEE

    COMPOSITION   SCHEDULED MEETINGS   RESPONSIBILITY
             

CORPORATE GOVERNANCE
More information on the activities and responsibility of the Nomination and Remuneration Committee can be found here.

  Mark Lamberti
Chris Seabrooke
David Cheesewright
 

3 TIMES a year

The Nomination and Remuneration Committee met TWICE in this 26 week reporting period and has been split into two committees with effect from 4 March 2013

 
  • The assessment, recruitment and nomination of new Executive and Non-executive Directors.
  • Making recommendations as to the composition of the Board.
  • Formulating succession plans for the approval of the Board for the appointment of new Executive and Non-executive Directors, including the Chairperson and CEO.

REMUNERATION COMMITTEE

    COMPOSITION   SCHEDULED MEETINGS   RESPONSIBILITY
             

CORPORATE GOVERNANCE
More information on the activities and responsibility of the Remuneration Committee can be found here.

  Chris Seabrooke
Mark Lamberti
David Cheesewright
 

3 TIMES a year

The Nomination and Remuneration Committee met TWICE in this 26 week reporting period and has been split into two committees with effect from 4 March 2013

 
  • Designing, monitoring and communicating the Group’s remuneration policies.
  • Considering and approving Executive remuneration including short- and long-term incentives.

SOCIAL AND ETHICS COMMITTEE

    COMPOSITION   SCHEDULED MEETINGS   RESPONSIBILITY
             

CORPORATE GOVERNANCE
More information on the activities and responsibility of the Social and Ethics Committee can be found here.

  Phumzile Langeni
Grant Pattison
JP Suarez
 

TWICE a year  

ONCE in this 26 week reporting period  

 
  • Assisting the Group with its responsibility towards sustainability with respect to practices that are consistent with good corporate citizenship.
  • Assessing the Company’s standing in terms of the United Nations Global Compact Principles.
  • Considering the Company’s standing in terms of consumer relationships, with particular attention to the United Nations Global Compact Principles and the OECD recommendations concerning corruption.
  • Considering the Group’s contribution to the social and economic development within our communities.
  • Assessing the Group’s contribution to labour and employment, the environment and health and public safety.

EXECUTIVE COMMITTEE

    COMPOSITION   SCHEDULED MEETINGS   RESPONSIBILITY
             

MASSMART AT A GLANCE
Biographical details of each Executive Committee member can be found here.

  Grant Pattison
Guy Hayward
Ilan Zwarenstein
Neville Dunn
Doug Jones
Brian Leroni
Pearl Maphoshe
Mncane Mthunzi
Mike Spivey
Llewellyn Steeneveldt
Kevin Vyvyan-Day
Llewellyn Walters
Robin Wright
  MONTHLY  
  • Deliberating and taking decisions or making recommendations on all matters affecting Group strategy and operations, including risk management, and Executive and senior management succession.