Governance

Governance

Purpose-driven governance

Alexforbes is committed to the highest standards of governance, ethical practice and integrity. As a business with the purpose to pioneer insight to deliver advice and solutions that impact our clients’ lives, we embrace world-class governance standards to ensure sound business practices and making a positive impact by what we do.

Our aim is to go beyond merely achieving regulatory and legislative compliance to our strategy and the long-term sustainability of the company through meaningful value creation for all our stakeholders.

Our governance efforts also ensure the board performs and adds value to the group and its stakeholders through its oversight, leadership and strategic guidance. The board provides strategic guidance and direction, approves material policies and business planning principles, provides implementation oversight, and holds executive management and the organisation accountable for performance against agreed annual scorecards.

Our governance philosophy and framework

We conduct our business ethically and in compliance with all applicable laws and regulations. Our operations are underpinned by good governance, transparency and accountability. At the heart of all governance practices is our commitment to ethical business conduct and integrity. We believe good governance is critical to strategic decision-making and to the long-term sustainability of our business, stakeholders and society.

Our governance philosophy is framed by policies, standards and processes designed to ensure regulatory compliance, enabling growth and support overall sustainability across the group. We are constantly reviewing these practices to ensure that we consistently act in the best interests of our stakeholders.

The group governance framework, supported by the detailed delegation of authority, defines and governs the relationship between the board’s strategic group-wide decision-making and oversight and that of subsidiary boards.

Processes, principles and policies are standardised as much as possible group-wide, but without derogating from the legal accountability of subsidiary board directors and bespoke local jurisdictional requirements.

Board and executive

The group’s board of directors is the highest governing body and is committed to the principles of good governance as espoused in King IV. It has the responsibility to ensure that the group is led in an ethical and responsible manner. The board is also responsible for setting the direction of the group, approving policy and strategy, and

overseeing their implementation.

The board governs the group in a manner that enables and supports the achievement of our strategy and the long-term sustainability of the group. The board’s actions set the tone by demonstrating a commitment to the organisation’s integrity and reputation.

  • Alexander Forbes Board
  • Executive Commitee
Kuseni Dlamini
Kuseni Dlamini

Chair and Independent non-executive director

Dawie de Villiers
Dawie de Villiers

Chief Executive Officer

Bruce Bydawell
Bruce Bydawell

Chief Finance Officer

Thabo Dloti
Thabo Dloti

Lead Independent non-executive director

Bob Head
Bob Head

Independent non-executive director

Andile Mazwai
Andile Mazwai

Independent non-executive director

Ndumi Medupe
Ndumi Medupe

Independent non-executive director

Nosipho Molope
Nosipho Molope

Independent non-executive director

Robert Roux
Robert Roux

Independent non-executive director

Refiloe Nkadimeng
Refiloe Nkadimeng

Non-executive director

Marinda Dippenaar
Marinda Dippenaar

Non-executive director

Pavan Dhamija
Pavan Dhamija

Non-executive director

Gary Herbert
Gary Herbert

Non-executive director

Dawie de Villiers
Dawie de Villiers

Chief Executive Officer

Bruce Bydawell
Bruce Bydawell

Chief Finance Officer

Ann Leepile
Ann Leepile

Chief Executive Officer of Alexander Forbes Investments

Butsi Tladi
Butsi Tladi

Executive: Consulting

John Anderson
John Anderson

Executive: Solutions and Enablement

Carina Wessels
Carina Wessels

Executive: Governance, Legal, Compliance and Sustainability

Laura Kukard
Laura Kukard

Executive: Client Services and Business Operations

Jonathan Muthige
Jonathan Muthige

Executive: Human Capital & Transformation

Viresh Maharaj
Viresh Maharaj

Executive: Retail

Committee composition & meeting attendance

Meeting attendance information presented for the period until 31 March 2022, except for the Setco meeting where the final meeting for 2022 was only held in April 2022.

Audit and risk committee Mergers and acquisitions committee Nominations committee Remuneration committee Social, ethics and transformation committee
Daniel Mminele
Dawie de Villiers 7/7 3/3
Bruce Bydawell 7/7
Thabo Dloti 6/7 3/3 7/7 3/3
Bob Head 5/5 7/7
Nigel Payne 5/5 6/7 3/3 7/7
Andile Mazwai 5/5 2/2
Ndumi Medupe
Nosipho Molope 2/3

 

= Chair
= Member

Board diversity

As part of our ongoing focus to maintain the highest corporate governance standards and in line with the JSE Limited Listings Requirements, the group has adopted a diversity policy on the promotion of broader diversity at board level. The policy focuses on the promotion of the diversity attributes of gender, race, culture, age, field of knowledge, skills and experience. The board, with guidance from the nominations committee, has considered and applied the diversity policy in the nomination and appointment of directors. The board has determined specific targets for certain indicators.

As at 29 July 2022, Alexforbes met its target of 30% women at board level and has 60% black board members, exceeding its 50% target on race diversity.

Race diversity

Women in leadership positions

Our approach

Purpose-driven governance

Alexforbes is committed to the highest standards of governance, ethical practice and integrity. As a business with the purpose to pioneer insight to deliver advice and solutions that impact our clients’ lives, we embrace world-class governance standards to ensure sound business practices and making a positive impact by what we do.

Our aim is to go beyond merely achieving regulatory and legislative compliance to our strategy and the long-term sustainability of the company through meaningful value creation for all our stakeholders.

Our governance efforts also ensure the board performs and adds value to the group and its stakeholders through its oversight, leadership and strategic guidance. The board provides strategic guidance and direction, approves material policies and business planning principles, provides implementation oversight, and holds executive management and the organisation accountable for performance against agreed annual scorecards.

Our governance philosophy and framework

We conduct our business ethically and in compliance with all applicable laws and regulations. Our operations are underpinned by good governance, transparency and accountability. At the heart of all governance practices is our commitment to ethical business conduct and integrity. We believe good governance is critical to strategic decision-making and to the long-term sustainability of our business, stakeholders and society.

Our governance philosophy is framed by policies, standards and processes designed to ensure regulatory compliance, enabling growth and support overall sustainability across the group. We are constantly reviewing these practices to ensure that we consistently act in the best interests of our stakeholders.

The group governance framework, supported by the detailed delegation of authority, defines and governs the relationship between the board’s strategic group-wide decision-making and oversight and that of subsidiary boards.

Processes, principles and policies are standardised as much as possible group-wide, but without derogating from the legal accountability of subsidiary board directors and bespoke local jurisdictional requirements.

Board and executive

Board and executive

The group’s board of directors is the highest governing body and is committed to the principles of good governance as espoused in King IV. It has the responsibility to ensure that the group is led in an ethical and responsible manner. The board is also responsible for setting the direction of the group, approving policy and strategy, and

overseeing their implementation.

The board governs the group in a manner that enables and supports the achievement of our strategy and the long-term sustainability of the group. The board’s actions set the tone by demonstrating a commitment to the organisation’s integrity and reputation.

  • Alexander Forbes Board
  • Executive Commitee
Kuseni Dlamini
Kuseni Dlamini

Chair and Independent non-executive director

Dawie de Villiers
Dawie de Villiers

Chief Executive Officer

Bruce Bydawell
Bruce Bydawell

Chief Finance Officer

Thabo Dloti
Thabo Dloti

Lead Independent non-executive director

Bob Head
Bob Head

Independent non-executive director

Andile Mazwai
Andile Mazwai

Independent non-executive director

Ndumi Medupe
Ndumi Medupe

Independent non-executive director

Nosipho Molope
Nosipho Molope

Independent non-executive director

Robert Roux
Robert Roux

Independent non-executive director

Refiloe Nkadimeng
Refiloe Nkadimeng

Non-executive director

Marinda Dippenaar
Marinda Dippenaar

Non-executive director

Pavan Dhamija
Pavan Dhamija

Non-executive director

Gary Herbert
Gary Herbert

Non-executive director

Dawie de Villiers
Dawie de Villiers

Chief Executive Officer

Bruce Bydawell
Bruce Bydawell

Chief Finance Officer

Ann Leepile
Ann Leepile

Chief Executive Officer of Alexander Forbes Investments

Butsi Tladi
Butsi Tladi

Executive: Consulting

John Anderson
John Anderson

Executive: Solutions and Enablement

Carina Wessels
Carina Wessels

Executive: Governance, Legal, Compliance and Sustainability

Laura Kukard
Laura Kukard

Executive: Client Services and Business Operations

Jonathan Muthige
Jonathan Muthige

Executive: Human Capital & Transformation

Viresh Maharaj
Viresh Maharaj

Executive: Retail

Committee composition & meeting attendance

Committee composition & meeting attendance

Meeting attendance information presented for the period until 31 March 2022, except for the Setco meeting where the final meeting for 2022 was only held in April 2022.

Audit and risk committee Mergers and acquisitions committee Nominations committee Remuneration committee Social, ethics and transformation committee
Daniel Mminele
Dawie de Villiers 7/7 3/3
Bruce Bydawell 7/7
Thabo Dloti 6/7 3/3 7/7 3/3
Bob Head 5/5 7/7
Nigel Payne 5/5 6/7 3/3 7/7
Andile Mazwai 5/5 2/2
Ndumi Medupe
Nosipho Molope 2/3

 

= Chair
= Member

Board diversity

Board diversity

As part of our ongoing focus to maintain the highest corporate governance standards and in line with the JSE Limited Listings Requirements, the group has adopted a diversity policy on the promotion of broader diversity at board level. The policy focuses on the promotion of the diversity attributes of gender, race, culture, age, field of knowledge, skills and experience. The board, with guidance from the nominations committee, has considered and applied the diversity policy in the nomination and appointment of directors. The board has determined specific targets for certain indicators.

As at 29 July 2022, Alexforbes met its target of 30% women at board level and has 60% black board members, exceeding its 50% target on race diversity.

Race diversity

Women in leadership positions

Policies & practices