Full annual report - African Bank - Investoreports

Description Explanation
3.9 Data measurement techniques and the bases
of calculations
3.10 Explanation of the effect of any restatements
of information provided in earlier reports, and
reasons for such restatement
3.11 Significant changes from previous reporting
periods in the scope, boundary, or
measurement methods applied in the report
3.12 Table identifying the location of the standard
disclosures in the report
3.13 Policy and current practice with regard to
seeking external assurance for the report
4. Governance, commitments, and engagement
184
Details of data definitions on page 200, as well as the web based
annual financial statements for financial reporting at www.abil.co.za.
Where restatements have been made, explanations have been
provided at the relevant section in the report – refer to note 58 in the
annual financial statements on page 308. These all relate to
disclosures in the notes and have no impact on the reported earnings
or the financial position of the group.
There has been no change in the scope and boundary of this report,
relative to previous reports.
The report includes a comprehensive GRI content index which
provides additional information on the specific indicators.
Integrated Reporting and Assurance Services (IRAS) was the external
assurance company used for the assurance statement. The assurance
statement is provided on page 180 with additional information in
About this report on page 134.
4.1 Governance structure of the organisation A clear organogram outlines the ABIL board, its various committees
and their responsibilities (refer to the corporate governance report on
page 84). Details of the governing structure, including the nature of
the composition of the board and the various board committees is
also provided in the web based governance report at www.abil.co.za.
4.2 Indicate whether the chairman is also an
executive officer
We have an independent non-executive chairman.
4.3 Board structure stating number of members The board consists of 11 directors, with four executive directors
and seven independent non-executive directors and is detailed on
page 86. Also refer to the web based corporate governance report
at www.abil.co.za
4.4 Mechanisms for shareholders and employees
to provide recommendations or direction to
the highest governance body
4.5 Linkage between compensation and
performance including departure
arrangements and social and environmental
performance
ABIL engaged with a wide group of local and foreign investors
during this financial year – for example: roadshows, presentations,
meetings, surveys and conferences. Engagement with employees
has been through roadshows, presentations of results, surveys,
emails to Leon, Tell Lindiwe, Tell Yusuf, etc (refer page 44 of
stakeholder engagement).
Refer to commentary provided in the remuneration report on
page 93.
4.6 Processes for managing conflicts of interest All directors are required to disclose any conflict or potential conflict
of interest as discussed in the governance report on page 89.
4.7 Process for determining the qualifications and
expertise of the members of the highest
governance body and its committees
Details in the web based governance report at www.abil.co.za.
Amongst other requirements, consideration is given to gender and
racial diversity.