Committed to good governance

Leading by example and in accordance with our values, our board of directors is well-positioned to guide us on our course.

Executive directors

Lindsay Ralphs   Mpumi Madisa   Mark Steyn   Gillian McMahon   Anthony Dawe  
  Lindsay Ralphs 64
CEO
     Mpumi Madisa 40
   CEO-designate
        Mark Steyn 49
      CFO
         Gillian McMahon 47                  Anthony Dawe 54  

 

The board's roles and responsibilities

 

The role of the board is regulated in a formal board charter, which defines its authority and power. While retaining overall accountability, the board has delegated authority to the chief executive to run the day-to-day affairs of the Group. The chief executive is supported by the executive management committee. The board also created subcommittees to enable it to discharge its duties and responsibilities properly and to fulfil its decision-making process effectively.

The board plays a pivotal role in strategy planning and establishing benchmarks to measure the Group's strategic objectives. Executive directors implement strategies and operational decisions. Non-executive directors provide an independent perspective and complement the skills and experience of executive directors. They objectively assess strategy, budgets, performance, resources, transformation, diversity, employment equity and standards of conduct.

 

Our governing philosophy is anchored in our values

 

Honesty

Integrity

Accountability

Respect

 

At Bidvest, good governance permeates the entire organisation. Our philosophy is simple. We believe that stakeholders can only derive value from a business whose behavioural norms and everyday actions translate into honesty, integrity, accountability and respect. Call us "old-school", but it's a recipe that has proven itself again and again. With a business as vast as Bidvest, it's important that we remain true to our values to ground ourselves in consistent delivery in both behaviour and action. We therefore embrace corporate governance as a way of life rather than a set of rules.

 

Remuneration KPIs

 

Remuneration is a critical factor to attract, retain and motivate the entrepreneurial talent that is at the heart of Bidvest's strategic and operational objectives.

 

HEPS
growth

ROFE

Total
shareholder
return

Strategic
metrics

 

Our commitment to King IV reflects our commitment to South Africa's future growth and development

 

We firmly believe that, with good leadership from both the public and private sector, South Africa's future is filled with prosperity. The board is therefore fully committed to the highest standards of governance and accountability, as recommended by King IV, and the delivery of outcomes such as an ethical culture, good performance, effective control and legitimacy.

 

Key to committees

Nominations committee Audit committee Remuneration committee
Acquisitions committee Risk committee Social and ethics committee
Chairman    

 

Independent non-executive directors

Eric Diack   Bongi Masinga   Tania Slabbert   Alex Maditsi   Nigel Payne  
  Eric Diack 62
Chairman
       Bongi Masinga 52             Tania Slabbert 52                Alex Maditsi 57                   Nigel Payne 59  

 

Renosi Mokate   Norman Thomson   Bonang Mohale          
  Renosi Mokate 61   Norman Thomson 68   Bonang Mohale 57          

 

56 Average
age of
directors
(years)
40 Youngest
director
(years)
68 Oldest
director
(years)

Refer to our Governance Report for full CVs

The diversity of our board strengthens its collective capabilities

Independence
(%)
  Ethnicity
(%)
  Gender
(%)
  Tenure of directors
Independence   Ethnicity   Gender   	Tenure of directors

 

Skill sets  
Skill sets