{"id":2978,"date":"2022-06-19T10:15:11","date_gmt":"2022-06-19T08:15:11","guid":{"rendered":"https:\/\/famousbrands.co.za\/iar2023\/governance-at-a-glance\/"},"modified":"2023-06-21T14:05:20","modified_gmt":"2023-06-21T12:05:20","slug":"corporate-governance-at-a-glance","status":"publish","type":"page","link":"https:\/\/famousbrands.co.za\/iar2023\/governance-and-remuneration\/corporate-governance-at-a-glance\/","title":{"rendered":"Corporate governance <span>at a glance<\/span>"},"content":{"rendered":"<div class=\"row\">\n<div class=\"col-md-4\">\n            <img src=\"https:\/\/famousbrands.co.za\/iar2023\/wp-content\/uploads\/2023\/06\/p110-1.png\" alt=\"\">\n        <\/div>\n<div class=\"col-md-8\">\n<table width=\"100%\">\n<tbody>\n<tr>\n<td class=\"text-center p-4 b1m\">\n                            <img class=\"nb\" src=\"https:\/\/famousbrands.co.za\/iar2023\/wp-content\/uploads\/2023\/06\/p110-icon1.png\" alt=\"\"><\/p>\n<h4 class=\"orange nt\"><strong>95%<\/strong><\/h4>\n<h4 class=\"nt\">Board and Committee meeting attendance <\/h4>\n<\/td>\n<td class=\"text-center p-4 b1m\">\n                            <img class=\"nb\" src=\"https:\/\/famousbrands.co.za\/iar2023\/wp-content\/uploads\/2023\/06\/p110-2.png\" alt=\"\"><\/p>\n<h4 class=\"orange nt\"><strong>308 years<\/strong><\/h4>\n<h4 class=\"nt\">Board members\u2019 aggregate years of experience <\/h4>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"text-center p-4 b1m\">\n                            <img class=\"nb\" src=\"https:\/\/famousbrands.co.za\/iar2023\/wp-content\/uploads\/2023\/06\/p110-icon3.png\" alt=\"\"><\/p>\n<h4 class=\"orange nt\">82%<\/h4>\n<h4 class=\"nt\">Board independence<\/h4>\n<\/td>\n<td class=\"text-center p-4 b1m\">\n                            <img class=\"nb\" src=\"https:\/\/famousbrands.co.za\/iar2023\/wp-content\/uploads\/2023\/06\/p110-icon4.png\" alt=\"\"><\/p>\n<h4 class=\"orange nt\"><strong>27% female<\/strong><\/h4>\n<h4 class=\"nt\" >Gender diversity<\/h4>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/p><\/div>\n<h2>Major Board decisions<\/h2>\n<ul>\n<li>Approved the purchase and expansion of the Midrand Campus and adjacent properties. <\/li>\n<li>Approved the appointment of Nelisiwe Shiluvana as the Group Financial Director-Designate and successor to<br \/>\n            Deon Fredericks.<\/li>\n<li>Approved the appointment of Thabo Mosololi as a member of the Board and Audit and Risk Committee. <\/li>\n<li>Considered and approved the design and an implementation of a new Long-Term Share Incentive Plan for<br \/>\n            executive management.<\/li>\n<\/ul>\n<h2>Compliance Statement<\/h2>\n<p>The Board confirms that for the year ended 28 February 2023, the Group complied with the provisions of the<br \/>\n        Companies Act and operated in conformity with its Memorandum of Incorporation. <\/p>\n<p>The Board further confirms the application of the King IV\u2122 Code of Corporate Governance. The Group\u2019s King IV<br \/>\n        application register is available at <a\n            href=\"https:\/\/famousbrands.co.za\/governance\/king-iv-register\/\">https:\/\/famousbrands.co.za\/governance\/king-iv-register\/<\/a>\n    <\/p>\n<p class=\"blurb\">The Board is satisfied that it has fulfilled its responsibilities in accordance with its Charter<br \/>\n        for 2023.\n    <\/p>\n<table width=\"100%\" class=\"footnote\">\n<tbody>\n<tr>\n<td>The Board and its Committees have Charters that are reviewed each year. The latest reviews took<br \/>\n                    place in 2023, and where necessary, the Charters were amended or updated in line with the King IV<br \/>\n                    recommendations and the JSE Listings Requirements.<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h4>Governance structure and framework<\/h4>\n<div class=\"ri\">\n       <img src=\"https:\/\/famousbrands.co.za\/iar2023\/images\/p111.png\" alt=\"\">\n    <\/div>\n<p class=\"blurb\">The Board is satisfied that the Limits of Authority Framework contributes to role clarity,<br \/>\n        accountability and the effective exercise of authority and responsibilities <\/p>\n","protected":false},"excerpt":{"rendered":"<p>95% Board and Committee meeting attendance 308 years Board members\u2019 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&#8230;  <a href=\"https:\/\/famousbrands.co.za\/iar2023\/governance-and-remuneration\/corporate-governance-at-a-glance\/\" class=\"more-link\" title=\"Read Corporate governance <span>at a glance<\/span>&#8220;>Read more &raquo;<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"parent":2889,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_links_to":"","_links_to_target":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corporate governance at a glance - Famous Brands IAR 2023<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate governance at a glance - Famous Brands IAR 2023\" \/>\n<meta property=\"og:description\" content=\"95% Board and Committee meeting attendance 308 years Board members\u2019 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... 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