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Subcommittee structure and report back
The Board remains accountable for all matters where it has delegated responsibility to its subcommittees. The committees,
their members and principal functions and focus areas are set out below:
Executive Committee
Members and attendees
Number of meetings
MS Levy (C)
BM Levy
DA Suntup
EC de Villiers*
DR Hilewitz*
DB Rivkind*
W van Reenen*
#
Weekly
Member attendance
100%
(C)
Chairman.
*
Attendee.
#
Resigned on 31 July 2017.
Key objective and terms of reference (TOR)
The Group Executive Committee is responsible for managing the business and affairs of the Group, implementing the
strategies and policies of the Group and establishing and maintaining best management practices and standards.
The Executive Committee currently has authority to make any decision to purchase or dispose of assets and otherwise enter
into any transaction outside the ordinary course of business, subject to the maximum value of the transaction not exceeding
R40 million.
The Executive Committee has concluded that it has fulfilled its responsibilities in accordance with its terms of reference.
2017 Focus areas and activities
In addition to discharging its obligations in terms of its terms of reference, during the year under review the Executive
Committee managed and implemented several large and challenging acquisitions.
Refer to CEO discussion and operational review for further details.
2018 Focus areas
Key focus areas of the Executive Committee during the 2018 financial year shall include assimilating acquisition targets
into the Group and ensuring that the historic business units and new acquisitions:
f
adhere to the strategies and policies of the Group;
f
adhere to best management practices and functional standards;
f
adhere to legal compliance and internal control; and
f
are efficiently and competently managed.
BLUE LABEL
INTEGRATED ANNUAL REPORT 2017
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