Shanduka is committed to the highest levels of corporate governance throughout its subsidiary and investee companies. Our board comprises a group of individuals well equipped to steer Shanduka through its growth. We are proud of the diversity of skills, entrepreneurial flair and years of business and leadership experience at the highest levels that the board offers us.
Shanduka has a unitary Board structure. The Board unreservedly embraces the principles of good governance set out in the King Report on Corporate Governance (King III), and is accordingly accountable for governance and performance.
The Board has adopted a Board Charter which sets out the remit of the Board and defines the governance parameters within which it operates.
In essence, the Board is responsible for setting the strategic direction of the Group, shaping the values by which the Group is managed and determining the risk parameters within the Group.
The Shanduka Board comprises of a balanced mix of independent non-executive Directors, non-executive Directors and executive Directors. The size and the diversity (skills, gender, age, race etc.) of the Board is designed to add to the Board’s efficiency and effectiveness.
The Board has established three permanent Committees namely the Audit and Risk Committee, the Investment Committee and the Remuneration Committee. Members of the Committees are selected from amongst members of the Board. The Committees each have clearly defined, specific roles and responsibilities as set out in their respective Terms of Reference. The Committees provide support and advice to the Board and report on their activities at each Board meeting.
Management of the Group, led by the Executive Chairman and the Chief Executive Officer, is responsible for the day-to-day management of operations and the implementation of adequate and effective internal control mechanisms.
The complete charters of the Board and Committees are available from the Group Secretariat on request