|
|
|
All the non-executive directors are independent of management and free from any relationships that could affect their judgement in decisions and in the execution of their duties. Their business experience enables them to evaluate strategy and act in Growthpoint's best interests.
The board operates in terms of a written charter (available on our website or from the Company Secretary) that:
- Sets out its terms of reference, purpose, responsibilities and authority
- Governs 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
In this regard, the board has recognised the lack of female representation as a shortcoming and is addressing this.
New directors receive the Board Charter as part of their induction.
The board underwent formal self-assessment, as did the Audit Committee and Risk Management Committee, during May 2009. The overall outcome of the appraisals was positive. Such appraisals are available to the external auditors on request.
|
|
|
|
|