Bidvest

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

Independent non-executive directors

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 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

Sustainability 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.

The diversity of our board strengthens its collective capabilities

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