Board

J P Rupert

CHAIRMAN

Board

J Malherbe

NON-EXECUTIVE DIRECTOR

Board

P J Neethling

NON-EXECUTIVE DIRECTOR

Board

A E Rupert

Non-executive Director

Board

J J Durand

CHIEF EXECUTIVE OFFICER

Board

M Lubbe

COMPLIANCE AND CORPORATE SOCIAL INVESTMENTS

Board

N J Williams

CHIEF FINANCIAL OFFICER

Board

S E N De Bruyn

LEAD INDEPENDENT DIRECTOR

Board

N P Mageza

INDEPENDENT NON-EXECUTIVE DIRECTOR

Board

P J Moleketi

INDEPENDENT NON-EXECUTIVE DIRECTOR

Board

M Morobe

INDEPENDENT NON-EXECUTIVE DIRECTOR

Board

G G Nieuwoudt

INDEPENDENT NON-EXECUTIVE DIRECTOR

Board

K M S Rantloane

INDEPENDENT NON-EXECUTIVE DIRECTOR

Board

F Robertson

DEPUTY CHAIRMAN

Members of committees

AUDIT AND RISK COMMITTEE
S E N De Bruyn (Chairman), N P Mageza,
P J Moleketi, F Robertson

INVESTMENT COMMITTEE
J P Rupert (Chairman), J J Durand,
K M S Rantloane, J Malherbe, G G Nieuwoudt, N J Williams

MANAGEMENT BOARD
J J Durand (Chairman), P R Louw, M Lubbe,
P J Uys, N J Williams

REMUNERATION AND NOMINATION COMMITTEE
J P Rupert (Chairman), S E N De Bruyn,
P J Moleketi, F Robertson

SOCIAL AND ETHICS COMMITTEE
M Morobe (Chairman), S E N De Bruyn,
P R Louw, N P Mageza, P J Uys

HOW REMGRO IS MANAGED

The Remgro Limited Board of Directors ultimately leads and controls the Group in all issues of a material or strategic nature, which can impact the reputation and performance of the Group. The Management Board is a subcommittee of the Remgro Board that is mainly responsible for determining policies, monitoring and managing existing investments, identifying and recommending new investment opportunities and executing the decisions and strategy of the Board. Other issues, as mandated by the Board, are dealt with at senior management level as permitted in terms of a formal delegation of authority that directs limits of delegation and approval mandates.

The Management Board, together with senior management, also aims to instil a culture of ethical behaviour and good governance throughout the Remgro Group. As at 30 June 2020 the Management Board comprised five members, being all three executive directors as well as Messrs Pieter Louw and Pieter Uys. Mr Raymond Ndlovu has accepted the position of CEO at Community Investment Ventures Holdings Proprietary Limited and therefore resigned as a member of the Management Board with effect from 28 November 2019.

The schematic presentation presented below in Figure 1 provides more detail on the day-to-day responsibilities and delegated authorities of the individual members of the Management Board.