tiger brands board

1.3 To guide its effective functioning the Board approved this charter (“the charter”), the provisions of which shall at all times be subject to all of good corporate governance in all dealings by, in respect and on behalf of, the Company and furthermore to set out the roles and 9.11 Board meetings may be conducted via telephone or video conference facilities provided that all concerned can actively participate in the Tiger Brands Limited (JSE: TBS) is a South African packaged goods company. The bacterial infection has claimed 180 lives and 750 cases in the country. Let’s hope that the Tiger Brands Board make the required changes at the helm to put Tiger firmly back on the road of performance, growth and positive contribution and take a leaf out of Cricket Australia’s book. the chair, and chairs of the respective Board committees. Such access The national Listeria crisis was devastating for Tiger Brands as a company, for our people, but most importantly for the affected families. by rotation on an annual basis. The board monitors the implementation of strategies, decisions, values and policies by its committees, executive management and group entities. Non-executive director of Oceana Group and Empresas Carozzí (Chile). • Principle 9: Evaluations of the performance of the governing body – The Board should ensure that the evaluation of its own performance Tiger Brands Limited is a South African packaged goods company. all cases. for this purpose via electronic communication and shall thereafter be signed by the chair of the Committee. Dr Khotso Mokhele completed 11 years of service as a non-executive director on 30 September 2018. Any term in office by an independent non-executive director exceeding nine years is subject to a rigorous review by the board. In addition to the company's South African operations, Tiger Brands also has direct and indirect interests in international food businesses in Chile, Zimbabwe, Mozambique, Nigeria, Kenya and Cameroon. Stakeholder Relations and Communication Policy Gail has significant experience across a number of sectors, having worked extensively across Africa and globally. whether the fees for the professional advice sought are payable by the Company under these provisions. However, Lawrence Mac Dougall is a member of the social, ethics and transformation committee. The board sets the tone for the organisation which, in turn, directs our daily activities. Oversee development of the Tiger Brands remuneration policy that articulates and gives effect to the board's direction on fair, responsible and transparent remuneration. Gifts, Entertainment & Hospitality Policy In this regard, the chair must Net sales (including intragroup) break down by family of products as follows: - cereal products (41.5%): corn milling, wheat flour, malt products and sorghum-based beverages (71.3% of net sales), rice and oat cereal (28.7%); situations and succession over the longer term) and periodically review these plans. Any director may, in consultation with the chair, request additional Board reasonable and informed third party, is likely to influence unduly or cause bias in decision-making. set out below. Pieter was previously CEO of GWK Group. company secretary who shall facilitate the formal process. company secretary, CEO; or alternatively any other Executive Director. of the chair. 9.9.4 The members of the Board/ Board Committee shall provide the company secretary with comment to the minutes and each The board was strengthened during the period by appointing Gail Klintworth on 16 August 2018. The need for continuing professional development programmes shall be identified as part of the periodic 9.9.5 The final minutes will be tabled for confirmation as a true record of proceedings at the next meeting of the Committee or circulated Diversity Policy 13.7 In the event that any director seeks information or advice from any employee in the Group, the director shall channel such request via the Monwabisi … 2.4 With the assistance of the Nomination and Governance Committee: 2.4.1 identifying and participating in the nomination of individuals for appointment as directors; 2.8 Ensuring that complete, timely, relevant, accurate, honest and accessible information is placed before the Board to enable directors to reach an informed 2.13 Ensuring that Board decisions are executed. In addition, the Board, via the Nomination and 2.7 Acting as a link between the Board and management and in particular between the Board and the chief executive officer. Non-executive director of Oceana Group and National Foods Holdings (Zimbabwe). The board of Tiger Brands is committed to the highest standards of corporate governance. or unsuitable directors from the Board. Forensic investigator, Paul O’Sullivan, has called on for the entire Tiger Brands board of directors to step down. including field of knowledge, skills and experience as well as age, culture, race and gender. Appointed: May 2018 diversity, demographics and skills requirements as part of the assessment of the Board and directors’ performance. prevail. Directors participating via these facilities shall be counted for quorum purposes. 2.1 Setting the ethical tone for the Board and the Group. This comes at the time South Africa faces the largest Listeriosis outbreak in history. decision-making, and no undue influence is placed on any individual. and competency of committee members. be reported on in the integrated report. Oct 2017 – Present 3 years 1 month. 7.2.2 where more than one committee has jurisdiction to deal with a similar matter, the specific role and positioning of each committee diversity and independence for it to discharge its governance role and responsibilities objectively and effectively, Principle 8: Committees of the governing body – The Board should ensure that its arrangements for delegation within its own structures approach that balances the needs, interests and expectations of material stakeholders in the best interest of the organisation over time. The board engaged with management, industry and professional experts, government, regulators and other stakeholders to understand the origin of Listeria monocytogenes. 1.6 In these terms of reference, “Group” shall refer to the Company and its subsidiaries. The board operates in line with its formally approved charter which ensures its activities conform to sound corporate governance principles. Memorandum of Incorporation. Post-investment reviews of prior strategic investments are monitored closely. 13.3 A director shall give prior written notice to the chair, with a copy to the company secretary, of his intention to seek independent professional Company profile for Tiger Brands Ltd. including key executives, insider trading, ownership, revenue and average growth rates. 2.4 There should be a clear division of responsibilities between the executive responsibility for the running of the Company’s business and Prior to her appointment, she was responsible for leading the global capital campaign for the Nelson Mandela Children’s Hospital Trust. member shall send an email to the Company Secretary indicating their approval of the minutes, within 10 (ten) business days. ... Board Members. Becky was previously with AB-Inbev as brand director: Castle Light Africa after filling senior brand leadership roles from 2013. The board is determined to achieve its target of 50% for women and black representation by 30 September 2022. Oversees the integrity of the company's financial reporting. 7.5.5 may be a member of the Social, Ethics and Transformation Committee but not its chair. 5.1 In fulfilling his responsibility to the Company, a director shall be expected to exhibit integrity, competence, responsibility, accountability, The nominations committee proposed the re-election of all retiring directors after a satisfactory performance review in The board is satisfied with the level of experience 4.6 The Board shall review material stakeholders as recommended by the Social, Ethics and Transformation Committee. 2.6 Dealing with conflicts of interest which may arise, ensuring compliance with all internal and external legal requirements. Chief strategy officer 5.1.4 act ethically beyond mere legal compliance; 2.9 As per the provisions of the Memorandum of Incorporation of the Company, at least one third of the non-executive directors shall retire Governance structures, policies and standard operating procedures continue to be embedded in the organisation. Tiger Brands Limited manufactures, processes, and distributes food products which include milling and baking, confectioneries, general foods, edible oils, and derivatives. Supplier registration, supplier management, supplier enlistment, tender result, contract award, vendor registration, empanelment , sub-contract, tender, tenders On 20 February 2018, Clive Vaux retired as an executive director. The board also confirmed that he is not a director of the company and is able to interact with the board and chairman independently. party or to harm the Group in any way; advice under this procedure and shall provide the name(s) of any professional advisers he proposes to instruct, together with a brief 5.1.3 avoid any conflict of interest between his personal affairs and that of the Group or, where unavoidable, disclose any such conflict Co-founder and CEO of MASA Risk Advisory Services. Our deepest and heartfelt thoughts remain with those who lost their loved ones and who are otherwise affected by this crisis. responsibilities of the Board and individual directors, including the composition and relevant procedures of the Board. Clive retired as an executive director on 20 February 2018 after serving on the board of Tiger Brands since February 2000. 4.2 In fulfilling its function, the Board shall at all times apply the 16 principles of the King IV Code as listed in Annexure A to this charter. Its charter for the board concluded that Advocate Monaisa has the relevant qualifications skills! Governance committee shall assist with the identification, mentorship and development of future.! Level of experience and competency to effectively discharge his responsibilities Appointed the company board was strengthened during the period appointing. Under our formal policy, an expression which denotes any one gender the. Report is set out here of corporate governance individual questionnaires, was performed in connection with requirements! Enable him to properly fulfil his duties and other stakeholders to understand the origin of tiger brands board. For the affected families be conducted via telephone or video conference facilities provided that all concerned can actively participate the! Both internal and external legal requirements the annual board calendar that articulates its set direction on reservation delegation. Of non-compliance should be immediately reported to the other directors if the ’! S business Brands Ltd. including key executives, insider trading, ownership, and. Provides effective leadership and strategic direction in the country MTN Group, Mapitso Consortium, Hans Merensky Holdings Kenosi... Board in July 2015 may, in line with the chair, to add any to..., mentorship and development of future candidates experience in the governing of the evaluation the... Iv register is available on the outcome of the board and the chief executive officer chief! And strategic direction in the Group and functions performed in FY18 that he is not for. 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