The board is responsible for ensuring good performance, and as such, has a clear strategy to achieve this. The board meets regularly with the executive team to review the speci c strategic priorities. In March 2023, the board reviewed the three-year strategic plans and budgets, and approved the key performance measures and targets of all executives. The board oversees the implementation of the strategic plans throughout the year. Delivering good performance Ongoing training On appointment, all directors participate in a formal and comprehensive induction programme. Director training is held to refresh their skills and knowledge. Further, directors are required to attend professional development training and brie ngs to keep abreast of legal and regulatory risks, developments and changes that could impact the environment in which MultiChoice SA operates. We have MultiChoice e-learning modules aimed at our directors and senior management. These modules are available to all our directors and senior managers on the MultiChoice Academy platform and are tailored to our internal policies and processes and cover topics such as: • JSE Listings Requirements • Corporate governance • King IV • Trading in securities and the speci c duties of our directors Board evaluations The board and the MultiChoice Group committee charters include the onus of annual assessments. Assessments of the performance of the board, individual directors and committees are conducted every second year. However, performance in general is considered every year as part of the review of the board’s composition and the MultiChoice Group committees. The lead director leads the evaluation of the chair. In June 2022, the board as a whole considered its performance in general. The board considered its effectiveness, competencies, participation, meeting attendance and constructive deliberation. No signi cant areas of concern were identi ed during discussions. A formal board and individual director performance assessment was undertaken in March 2023. The evaluation did not identify the need for any signi cant areas of improvement and the board’s performance was considered satisfactory. Going forward, the board will continue focusing on improving and re ning its processes. Delivering good performance Corporate governance review continued Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 94
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