corporate governance

The Board

Growthpoint has a unitary board comprising 16 directors - 13 non-executive and three executive. Nine of the non-executive directors - including the Chairman - are independent. The Board Charter (available on our website or from the Company Secretary) guides the Board on all matters, including purpose, responsibilities, authority, Board membership, meeting procedures and ethical conduct. Various Board committees assist the Board in fulfilling its objectives.

Governing, directing and monitoring our performance as a going concern
Approving our strategic objectives
Ensuring effective company management
Managing risks to the business, mainly through the Risk Management and Audit Committees
Providing direction to management
Presiding over material business decisions
The Board’s terms of reference, purpose, responsibilities and authority
Governance matters such as Board membership, meeting procedures and ethical conduct The Board (either itself or through the Nomination Committee) regularly reviews its composition relative to skills, expertise and experience needed to provide strategic direction and leadership, and representivity in terms of gender and race.
The non-executive directors are independent of management and the majority are free from relationships that could affect their judgement as directors. The Board is accountable to the company, but is always cognisant of stakeholder expectations and interests. In decision making, the Board adopts an inclusive approach to governance. In May 2011, the Board, along with the Audit, Risk Management, Transformation and Property Committees, conducted a formal self-assessment. The outcome was positive, and feedback was provided to the Board and committees in August 2011. The results of this assessment are available to the external auditors on request.