Interfront 2025 Annual Report

75 GOVERNANCE Permanent Invitees to the Interfront Board Mr. Carl Scholtz, the SARS Deputy Commissioner: Enterprise Strategy, Enablement and Modernisation, was appointed as a permanent invitee to the Interfront Board in November 2024. His presence significantly strengthens the strategic relationship between SARS and Interfront. As a senior executive responsible for shaping SARS’s enterprise-wide strategy and modernisation agenda, Mr. Scholtz plays a pivotal role in ensuring that Interfront’s strategic direction remains fully aligned with SARS’s evolving needs and priorities. Ms. Nombulelo Mohoto, Interfront’s Head of Human Resources presents her Human Capital reports and provides related feedback. She also serves as a permanent invitee to the Remuneration, Social and Ethics Committee and is a member of the Interfront Executive Committee. Amendments to the Companies Act: Interfront is committed to maintaining ongoing compliance with the recent changes introduced by the Companies Amendment Act 16 of 2024 and the Companies Second Amendment Act 17 of 2024, which took effect on 27 December 2024. Furthermore, proactive measures have been implemented to ensure readiness for compliance with provisions of the legislation that are not yet in force. 05 Board Committees Terms of Reference for Board Committees The Interfront Board remains committed to sound corporate governance, aligned with best practices and strategic objectives. To support this, the Terms of Reference for each Board committee are reviewed and approved regularly to ensure that their mandates and structures remain effective and compliant with evolving priorities and legislation. These Terms outline each committee’s purpose, authority, responsibilities, composition, meeting protocols, and voting procedures. They promote disciplined participation, objective oversight, and transparent decision making. By operating within these frameworks, committees ensure accountability, efficiency, and enhanced organisational governance.