THE DIRECTORS
Managing of the Group in accordance with sound
corporate governance practices applies throughout.
The Board comprises of 13 directors and although
independent non-executive directors are not in
the majority, they are in an excellent position to
guide the Group in to the future. In this regard
we do not comply with the principle of majority
independence at present, but Senwesbel Limited,
the controlling shareholder with a 51% interest in
the Group, together with Grindrod Trading Holdings
which holds a 20% interest, are not only focused
on the continued sustainability of the Group, but
also on the long-term livelihood of producers in a
highly competitive industry in which they have to
participate in a free global market economy.
The appointment of strong, independent non-
executive directors to the Board, and the balance of
a strong executive team, ensure that no individual
can exercise undue influence on the independent
decision-making process of the Board.
Continuous Improvement
Key board functions
During the year the following members joined the Board:
Name Appointment date
Mr Khutso Mampeule 25 June 2013
Ms Ruwayda Redfearn (alternate director Mr Alan Olivier)
5 September 2013
Mr Tom van Rooyen 29 November 2013
Directors are nominated and elected by shareholders and
provision has been made for a transparent rotation process. The
performance of the Board, directors and structures is evaluated
critically and yet another formal evaluation process commenced
in April 2014. Written mandates and authorities have been put in
place by the Board, in terms of which certain powers have been
reserved solely for the Board.
formal Code of Conduct for the Trading of Shares in the Group.
Share trading closed from August 2013 pending certain strategic
transactions and related matters.
The attendance of Board members, personal interests and share
trading of board members are reported in the comprehensive
Corporate Governance Report.
The members of the Board takes Group matters seriously and
meetings are well attended. Personal interests of directors are
monitored and reported. The formal declaration of interests is a
standing agenda item on the agendas of the Senwes Board and
joint venture companies. Share trading takes place in terms of a
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