Corporate governance at a glance

95% Board and Committee meeting attendance	308 years Board members’ aggregate years of experience
82% Board independence	27% female Gender diversity

Major Board decisions

• Approved the purchase and expansion of the Midrand Campus and adjacent properties.
• Approved the appointment of Nelisiwe Shiluvana as the Group Financial Director-Designate and successor to Deon Fredericks.
• Approved the appointment of Thabo Mosololi as a member of the Board and Audit and Risk Committee.
• Considered and approved the design and an implementation of a new Long-Term Share Incentive Plan for executive management.

Compliance Statement

The Board confirms that for the year ended 28 February 2023, the Group complied with the provisions of the Companies Act and operated in conformity with its Memorandum of Incorporation.

The Board further confirms the application of the King IV™ Code of Corporate Governance. The Group’s King IV application register is available at https://famousbrands.co.za/governance/king-iv-register/

The Board is satisfied that it has fulfilled its responsibilities in accordance with its Charter for 2023.

Governance structure and framework

The Board is satisfied that the Limits of Authority Framework contributes to role clarity, accountability and the effective exercise of authority and responsibilities