PDF 25 MB - Sun International | Investor Centre

Principle Action Outcome
Independent professional
advice
Professional development
training
Whilst a process has always been available to
Sun International directors, a refreshed policy in
this regard was adopted by the board in
furtherance of this principle.
A policy was adopted by the board in order to
formalise professional development training.
Share dealings The company’s existing policy has been reviewed
and a proposal extending the scope of the
policy has been presented to the board.
Non-executive director fees The current remuneration of non-executive
directors was reviewed in line with the
recom men dations of King III.
Combined assurance The board considered the principle that the
company continues to engage various assurance
providers instead of engaging a single external
assurance provider.
The appointment
of a chief risk officer
The board reviewed the group’s risk
management philosophy and processes in
order to determine the need for a dedicated
chief risk officer.
CORPORATE GOVERNANCE REPORT continued
It was confirmed that any director or group of
directors may obtain further advice from any
company advisor and/or an external professional
advisor upon notification to the chairman and/or
the company secretary.
The obtaining of such advice will be at the cost
of the company.
Director development programmes will be made
available, internally before selected board
meetings, on a voluntary attendance basis.
External training via accredited institutions such
as the JSE and Institute of Directors will be
made available to directors at the cost of the
company.
The proposed policy will be finalised and
adopted in the forthcoming year.
Non-executive directors’ fees have been split
into a base fee component and an attendance
fee component.
The nomination committee has the discretion to
review the payment of fees in cases of
non-attendance.
Whilst Sun International has a number of expert
service providers in the various areas of
compliance, the group has engaged a single
external assurance provider to provide combined
assurance over the sustainability content within
the annual report.
The Sun International risk management and
risk philosophy is integrated into its business
practices and operating processes across all
units. As a consequence the onus of risk and
those accountable for risk remain the group’s
business leaders with its chief executive
retaining ultimate accountability. The group
has therefore elected not to appoint a chief
risk officer.
101