Remuneration Committee The Remuneration Committee has three (3) members, namely Ms. Rochelle Cameron (Chairperson), Ms. Douglas Lindo and Ms. Maxine Walters. The Remuneration Committee: •
Designs and determines the remuneration of the Chair, Directors, Executive Directors and Senior Management;
•
Reviews pay principles applied across the Company, base pay, benefits and all incentives and aspects of financial and non-financial reward that are performance-based;
•
Takes steps to counteract the risk of incentives that are detrimental to the long-term success of the Company;
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Exercises discretion to ensure the remuneration outcome for individual directors are reasonable and reflects the individual’s contribution.
This Committee did not meet during the year under review. Corporate Governance Committee The Corporate Governance Committee has four (4) members, namely Mr. Steven Gooden (Chairman), Ms. Rochelle Cameron, Ms. Kimala Bennett and Mr. Michael Bennett. The Corporate Governance Committee: •
Carries out periodic reviews of the Corporate Governance Policy and principles;
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Reviews and approves timely disclosures to its Stockholders/Stakeholders and other regulatory bodies as required by the JSE Junior Market Rules;
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Ensures a formal and transparent compensation/remuneration policy for Executives, Directors and Senior Management;
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Monitors as appropriate, Directors’ orientation to update the skills and knowledge required to fulfil their roles both on the Board and Committees;
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Reviews strategies, performance and resolves disputes speedily; and
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Reviews the Insider Trading Policy and quarterly Directors and Senior Management Disclosure of shareholdings.
This Committee did not meet during the year under review.
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