Nominations committee report

This is the report of the nominations committee (committee) of The Bidvest Group Limited appointed for the financial year ended June 30 2014 in compliance with the Companies Act and in terms of the JSE Listings Requirements.

The committee is constituted in terms of a charter that complies with the Companies Act and King III requirements and is approved by the board of directors (board). Copies of the charter are available either from the company secretary on request, or can be downloaded from the Company website.

Membership

The committee comprises three independent non-executive directors: Messrs DDB Band (chairman), CWL Phalatse and Ms T Slabbert.

Purpose

The key responsibilities and role of the committee include but are not limited to:

	establishment of formal process for appointment of directors;
	identification of suitable directors in succession planning for senior appointments;
	ongoing training, development and updates of changing requirements in legislation and board roles necessary for the directors to satisfactorily perform their roles;
	evaluation of the independence of the long-serving independent non-executive directors;
	performance evaluations of existing directors; and
	recommendations to shareholders for annual re-election of those directors retiring by rotation, annual appointment of audit committee members and other committee memberships as required.

Duties carried out

The role performed by the committee this financial year has been to ensure:

	that the board has the appropriate composition to execute its duties effectively;
	a rigorous and transparent procedure, any new appointment of a director is considered by the board as a whole, on the recommendation of the nominations committee;
	the selection process involves considering the existing balance of skills and experience, the balance of executive to non-executive and independent to non-independent directors, racial and gender demographics and the current needs of the organisation as a whole;
	for those new appointments an induction process is conducted and ongoing training and development of the directors is conducted; and
	a formal succession plan is developed for the board, chief executive and senior executive appointments.

The board effectiveness is assessed through a further board evaluation process.

Attendance

The names of the members who were in office during the period August 24 2013 to August 29 2014 and the details of nominations committee meetings attended by each of the members are:

Conclusion

Following the review by the committee for the year ended June 30 2014, the committee is of the view that, in all material respects, the committee has achieved its objectives for the financial year being the year ended June 30 2014.

Signed on behalf of the nominations committee by:

Doug Band
Chairman