Interfront 2025 Annual Report

70 INTERFRONT ANNUAL REPORT 2025 Terms of Reference Interfront has adopted formal Terms of Reference, also known as a Board Charter, in line with the recommendations of the King IV Code on Corporate Governance. This Charter outlines the roles, responsibilities, and functions of the Board providing clear guidance on matters such as strategic oversight, risk management, and ethical leadership. It sets out the Board’s commitment to good governance practices, including maintaining accountability, fairness, and transparency in decision-making. The Terms of Reference also ensures that the Board operates within a structured framework, promoting consistent governance practices that align with Interfront’s strategic objectives and legislative obligations. Board Work Plan Each year, the Board adopts a comprehensive Board Work Plan, presented in a structured tabular format. This plan aligns with the responsibilities outlined in the Board’s Terms of Reference and serves as a practical tool to guide the Board’s oversight throughout the financial year. The Work Plan specifies the frequency and timing of reports and feedback that the Board expects to receive in key areas of oversight. These include: • Governance and Strategic Leadership • Financial and Procurement Management • Governance of Risk • Performance Management • General Reporting Requirements By mapping out its responsibilities in advance, the Board ensures a proactive and well-coordinated approach to fulfilling its fiduciary duties and supporting Interfront’s strategic and operational objectives. Board Composition The Interfront Board comprises of nine directors, offering a balanced mix of independent and executive leadership to ensure effective governance and strategic direction. The Board is structured as follows: • Three independent, non-executive directors, including the Chairperson • Three non-executive directors • Three executive directors Recent Appointments, Leadership Transition, and Succession Planning Mr. John Robertson retired as Operations Director on 31 March 2025, concluding thirteen years in the role during which his contributions were instrumental to the company’s success. The Board expresses its profound gratitude to Mr. Robertson for his unwavering commitment and exceptional service throughout his tenure as Operations Director. His leadership and commitment have been integral to the company’s achievements and growth. To ensure operational continuity and preserve his invaluable institutional knowledge, the Board approved retaining him as an executive director in an advisory capacity on reduced hours for a period of one year following his retirement. His ongoing involvement supports stability and knowledge retention in the operational environment.