Mpumi Madisa 41
Chief executive
Leading by example and in accordance with our values, our board of directors is well-positioned to guide us on our course
Mpumi Madisa 41
Chief executive
Mark Steyn 50
Chief financial officer
Gillian McMahon 48
Bonang Mohale 58
Chairman
Eric Diack 63
Lead independent director
Bongi Masinga 53
Alex Maditse 58
Renosi Mokate 62
Norman Thomson 69
Zukie Siyotula 36
Myles Ruck 65
Key to committees
Acquisitions committee | Audit committee | Nominations committee | |||
Risk committee | Remuneration committee | Social and ethics committee | |||
Chairman |
Average Age of Directors 55 years |
Age of Youngest Director 36 years |
Age of Oldest Director 69 years |
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.
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 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 |
Sustainability metrics |
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.
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