Succession planning and performance The board is satis ed that the company is appropriately resourced and its delegation to management contributes to an effective arrangement by which authority and responsibilities are exercised. The board approves the appointment of the CEO and CFO. The MultiChoice Group remuneration committee, which reports back regularly to the board, is required to annually consider the performance of the CEO and CFO against agreed performance incentive objectives. Succession plans for the CEO and senior executives are in place and are annually reviewed by the MultiChoice Group nomination committee, which reports back to the board. Chair, lead director and CEO Imtiaz Patel, a non-executive director, is the board chair. The lead non-executive director, Jim Volkwyn, steps in as chair in all matters where an actual or perceived con ict could exist and where it would be inappropriate for the chair to deal with the matter concerned. The board satis ed itself that Jim acted with independence of mind and judgement and there was no interest, position, association or relationship likely to unduly in uence or cause bias in decision-making in the company’s best interests. The CEO, Calvo Mawela, is responsible for leading the implementation and execution of the approved strategy, policy and operational planning of the MultiChoice Group (including MultiChoice SA) and ensuring MultiChoice SA’s day-to-day affairs are appropriately supervised and controlled. Ensuring effective control The board is the focal point and custodian of corporate governance. To this end, the board ensures corporate governance and good practice are inherent in ful lling its responsibilities. The board charter sets out its roles and responsibilities. The board holds its directors accountable for their integrity, competence, responsibility, fairness and transparency. Ensuring effective control Corporate governance review continued Phuthuma Nathi Investments (RF) Limited Integrated annual report 2023 96
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