Full integrated annual report - African Bank - Investoreports

Composition of the board
The composition of the ABIL board is illustrated below:
The appointment to the board is formal and transparent, and a matter for the board as a whole. All directors
are appointed for specifi c terms and re-appointment is not automatic. The board takes decision on a majority
basis and therefore no one person has unfettered powers of decision-making.
Board committees
The board has set fi ve permanent committees from amongst its members and has defi ned specifi c roles and
responsibilities for them. The committees provide the board with oversight and report on their work at each
board meeting. The roles, responsibilities, duties and objectives of the committees are set out in the respective
committee Charters. The complete Charters are available on the group’s website at www.abil.co.za or from the
Group Secretariat on request. The committees receive management support and are provided with assurance
as illustrated below:
Directors Affairs
Committee
Directors Affairs
Committee
Legend
Board
Committee
Independent non-executive directors (7)
Executive directors (5)
7
Group Remuneration
and Transformation
Committee
Human Capital
Management
Committee
5
Assurance
Providers
Board
Group Risk and
Capital Management
Committee
Credit Committee
ALCO
RISK
IT Steering Committee
Group Audit
Committee
Finance
Internal Audit
External Audit
Risk and Compliance
External Assurance
Providers
Sustainability and ethics
Committee
Integrated report 2011 | African Bank Investments Limited 69