Interfront 2024 Annual Report

A B D E C GOVERNANCE This reconstitution and strategic planning underscore the Board’s commitment to maintaining effective oversight and governance in the areas of remuneration, social responsibility and ethics.” Remuneration, Social and Ethics Committee The Terms of Reference for the Remuneration, Social and Ethics Committee stipulate that the committee must consist of at least three members and hold a minimum of two meetings each financial year. Following Mr Van Graan’s resignation as an independent, non-executive director in February 2023, which left the position of Chairperson of the Committee vacant, the Board temporarily assumed the committee’s responsibilities. During the year under review, the committee was reconstituted under the leadership of Mr Gustav Vermaas as Chairperson. The current members of the Committee include Mr Mustaq Enus-Brey, Ms Vonani Ntlhabyane and Mr Erick Smith. Additionally, Interfront’s Acting Managing Director, Operations Director and Executive of Talent serve as permanent invitees. Although it was a transitional period, the Committee held one meeting during the year under review. At this meeting, the Terms of Reference were thoroughly reviewed, and an annual Work Plan was adopted. This reconstitution and strategic planning underscore the Board’s commitment to maintaining effective oversight and governance in the areas of remuneration, social responsibility and ethics.