Leadership

Independent non-executive directors

The board has six standing committees (Audit; Social, ethics and transformation; Risk; Remuneration; Nominations and Acquisition committees) with delegated authority from the board. Each board committee is chaired by an independent non-executive director. The Group's Executive committee (Group Exco) and Company board has been instrumental in setting the strategic direction for the Group and its blueprint for growth. Six divisional boards and audit committees include independent non-executive individuals to further strengthen oversight. Combined assurance receives deliberate and focused attention at Bidvest. The Audit committee ensures that our combined assurance model adequately addresses Bidvest's risks and material matters through the aggregated efforts of assurance providers. Continually optimising our combined assurance model avoids duplication, rationalises collaboration efforts upstream amongst assurance providers, coupled with effectively managing assurance costs. The activities are coordinated to maximise the depth and reach of assurance achieved by each of the assurance providers. This enables an effective control environment and ensures the integrity of information used for reporting and decision making.

Race (%)

Gender (%)

Tenure (number of directors)

Executive committee

The Group Exco consists of twelve members, including the Group executive directors and functional executives covering strategy, finance, transformation, ESG, business development, as well as the six divisional CEOs. The Group believes that its decentralised governance structure supported by experienced management, many of whom are specialised in particular sectors or industries, leading the day-to-day operations of the businesses, positions the Group well to continue to successfully execute its key strategic initiatives. As a result, most of the members of the Group's senior management team (whether focused on individual businesses, divisions or the Group as a whole) are heavily rooted, not just in the relevant industry or industries from decades of prior experience, but also in the Group's journey to the diversified business that it is today.