{"id":2986,"date":"2022-06-19T10:15:11","date_gmt":"2022-06-19T08:15:11","guid":{"rendered":"https:\/\/famousbrands.co.za\/iar2022\/investment-committee-report\/"},"modified":"2022-06-21T10:54:01","modified_gmt":"2022-06-21T08:54:01","slug":"investment-committee-report","status":"publish","type":"page","link":"https:\/\/famousbrands.co.za\/iar2022\/governance-and-remuneration\/investment-committee-report\/","title":{"rendered":"Investment Committee report"},"content":{"rendered":"
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The Committee focussed on investment projects that were aligned to the overall strategy, and supported the objective of right-sizing the business in response to a post-COVID-19 trading environment.<\/p> \r\n\t<\/div>\r\n

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Mandate<\/div>\r\n\t

The purpose of the Investment Committee is to assist the Board in discharging its oversight responsibilities regarding the Company\u2019s investment strategy and policy. The Committee assists the Board in considering investment opportunities, approving acquisitions, disposals and capex, and reviewing the performance of previous investments.<\/p>\r\n<\/div>\r\n\r\n\r\n \r\n \r\n \r\n
Members<\/strong><\/td>\r\n Invitees<\/strong><\/td>\r\n Relevant skills profile of members<\/strong><\/td>\r\n <\/tr>\r\n

Chairman <\/strong><\/p>\r\n

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  • CH Boulle*\u20021\/2<\/li>\r\n
  • F Petersen-Cook*\u20021\/2<\/li>\r\n <\/ul>\r\n

    Members<\/strong><\/p>\r\n

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    • NJ Adami <\/li>\r\n
    • SL Botha <\/li>\r\n
    • CH Boulle <\/li>\r\n <\/ul> <\/td>\r\n
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  • CEO <\/li>\r\n
  • Group Financial Director <\/li>\r\n
  • N Halamandaris <\/li>\r\n
  • Group Risk Executive <\/li>\r\n
  • Company Secretary<\/li>\r\n <\/ul> <\/td>\r\n
Committee members are highly skilled in actuarial science, business strategy, finance and commercial law<\/td>\r\n <\/tr>\r\n <\/tbody>\r\n<\/table>\r\n\r\n\r\n\t\r\n\t\t
*<\/sup><\/td>\r\n\t\tChris Boulle stepped down as Chairman of the Investment Committee in June 2021 and was replaced by Fagmeedah Petersen-Cook.<\/td>\r\n\t<\/tr>\r\n<\/table>\r\n

Focus areas for 2022<\/h2>\r\n

The Committee reviewed and approved the annual workplan and Committee Charter. The Committee evaluated key investment projects including: <\/p>\r\n