Abridged Corporate
Governance Report
n e S
CORPORATE GOVERNANCE STRUCTURES
AND PRACTICES
l o H
The Board is guided by corporate best practices
as contained in the King Reports on Corporate
Governance (King III). These sound principles are
taken into account on a continuous basis in the
decision-making process.
SENWES LIMITED SHAREHOLDER STRUCTURE
Senwes Capital (Pty) Ltd
Senwesbel Ltd
6.36%
SHAREHOLDING
The shareholder structure changed during the
course of the year which, to a large extent, dictates
the composition of the Board. The structure is as
reflected on the right.
51.09%
Grindrod Trading
Holding (Pty) Ltd
The following applies in
respect of the material
corporate governance and
best governance practices:
20%
16.33%
6.22%
Senwes Producer
Shareholders
Public
Shareholders
THE BOARD
During the year the Board once again critically evaluated
its role in providing strategic guidance to the Senwes
Group and confirmed as such that it would continue to
focus on the material aspects which could promote the
continued sustainability and growth of the Group. The 2020
vision remains the Board’s focus within the governance
and risk management frameworks that were created
within the embedded compliance platforms.
22
The Board’s role, as well as the roles of other stakeholders,
including the governance structures of subsidiaries and
joint venture partners, is considered regularly at the various
levels of governance and commitment is confirmed in
each instance. The functions and role of each are well
defined and are contained in the Board Charter.