Interfront 2025 Annual Report

77 GOVERNANCE 07 Remuneration, Social and Ethics Committee Role of the Remuneration, Social and Ethics Committee The Remuneration, Social, and Ethics Committee performs the following dual roles: Remuneration Committee Responsibilities The Remuneration Committee is responsible for overseeing and guiding matters related to executive remuneration, employee reward structures, and related human capital policies. The Committee ensures that Interfront’s remuneration practices are fair, transparent, and aligned with its strategic objectives, performance, and values. The key responsibilities of the committee include reviewing and recommending the remuneration framework for executiveandseniormanagement,monitoring the implementation of remuneration policies, and ensuring compliance with applicable legislation, governance codes (such as King IV), and shareholder expectations. The Committee also ensures that remuneration structures support the attraction, retention, and motivation of skilled personnel, while maintaining affordability and sustainability. The Remuneration Committee plays a critical role in ensuring that remuneration practices are responsible and promote the long-term success and ethical culture of the company. Social and Ethics Committee Responsibilities The Social and Ethics Committee is tasked with monitoring Interfront’s activities related to social and economic development, good corporate citizenship, environmental responsibility, ethical conduct, and stakeholder engagement. The Committee ensures that the company upholds the highest standards of integrity, fairness, and accountability in its operations and aligns with the principles of the Constitution, relevant legislation, and the values enshrined in the King IV Report on Corporate Governance. It oversees matters relating to transformation, including compliance with Broad-Based Black Economic Empowerment (B-BBEE), employment equity, and skills development. In fulfilling its mandate, the Committee promotes a sustainable and inclusive organisational culture that supports Interfront’s long-term strategic objectives and public sector responsibilities.