NMPP Terminal 1

Corporate Governance

The board of directors understands the responsibility it has to lead the company effectively, ethically and transparently. Accordingly, the board focuses on guiding the company and executing strategy with sound corporate governance. Our board remains committed to adhering to the highest standards of corporate governance, including King III, the Companies ac, the JSE Listings Requirements and other applicable regulations.

The Board

Group Five continues to maintain a unitary board structure, comprising of two executives, the chief executive officer (CEO) and the chief financial officer (CFO), as well as nine independent non-executive directors.

The board has five standing committees through which it operates. The board has delegated specific responsibilities to committees to facilitate the discharge of duties through focused oversight on the respective specialist areas. The composition of each committee is determined by the board. Each committee is chaired by an independent non-executive director and is governed by terms of reference which are reviewed annually by the board. The respective chairpersons of the committees report formally to the main board after each committee meeting on all matters within its scope of responsibilities, including recommendations on required action items. The minutes of the meetings are also made available to the board for noting. The current board committees and their chairpersons are:

These committees play an important role in enhancing good corporate governance and improving internal controls to ensure the sustainable performance of the group.

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