{"id":4689,"date":"2024-06-12T21:10:03","date_gmt":"2024-06-12T19:10:03","guid":{"rendered":"https:\/\/famousbrands.co.za\/iar2024\/?page_id=4689"},"modified":"2024-06-18T14:14:05","modified_gmt":"2024-06-18T12:14:05","slug":"corporate-governance-at-a-glance","status":"publish","type":"page","link":"https:\/\/famousbrands.co.za\/iar2024\/governing-for-value-creation\/corporate-governance-at-a-glance\/","title":{"rendered":"Corporate governance at a glance"},"content":{"rendered":"<div class=\"intro\">\n<p>Effective corporate governance <strong>establishes the policies and practices<\/strong> for <strong>ethical behaviour<\/strong> and<br \/>\n            <strong>ensures that stakeholder interests are protected<\/strong>. <\/p>\n<div class=\"row row-eq-height\">\n<div class=\"col-md-3 white-smcard bs hover\">\n        <img decoding=\"async\" src=\"https:\/\/famousbrands.co.za\/iar2024\/images\/p132-1.png\" alt=\"\"><\/p>\n<p><strong><span class=\"maroon-num count\">95<\/span><span class=\"maroon-num\">%<\/span><\/strong><br \/>\n            Board and Committee meeting attendance<\/p>\n<\/p><\/div>\n<div class=\"col-md-3 white-smcard bs hover\">\n        <img decoding=\"async\" src=\"https:\/\/famousbrands.co.za\/iar2024\/images\/p132-2.png\" alt=\"\"><\/p>\n<p><strong><span class=\"maroon-num count\">237<\/span> <span class=\"maroon-num\">years<\/span><\/strong><br \/>\n            Board members\u2019 aggregate years of\u00a0experience <\/p>\n<\/p><\/div>\n<div class=\"col-md-3 white-smcard bs hover\">\n        <img decoding=\"async\" src=\"https:\/\/famousbrands.co.za\/iar2024\/images\/p132-3.png\" alt=\"\"><\/p>\n<p><strong><span class=\"maroon-num count\">73<\/span><span class=\"maroon-num\">%<\/span><\/strong><br \/>\n            Board independence<\/p>\n<\/p><\/div>\n<div class=\"col-md-3 white-smcard bs hover\">\n        <img decoding=\"async\" src=\"https:\/\/famousbrands.co.za\/iar2024\/images\/p132-4.png\" alt=\"\"><\/p>\n<p><strong><span class=\"maroon-num count\">33<\/span><span class=\"maroon-num\">% female<\/span><\/strong><br \/>\n            Gender diversity<\/p>\n<\/p><\/div>\n<div class=\"clearfix\"><\/div>\n<\/div>\n<\/div>\n<div class=\"row\">\n<div class=\"col-md-8\">\n<div class=\"grey-study\">\n<h4>Major Board decisions<\/h4>\n<ul>\n<li>Approved the appointment of Nelisiwe Shiluvana as\u00a0Group Financial Director with effect from<br \/>\n                    1\u00a0August\u00a02023.<\/li>\n<li>Approved the appointment of William Mzimba as an\u00a0independent non-executive director and member\u00a0of<br \/>\n                    the Social and Ethics Committee and\u00a0Investment Committee. <\/li>\n<li>Approved the appointment of Chris Boulle as Chairman, and Alex Maditse as lead independent director<br \/>\n                    with effect from the AGM in 2024.<\/li>\n<li>Approved the changes to the Committee composition as result of the appointment of Chris Boulle as<br \/>\n                    Chairman.<\/li>\n<li>Approved the adoption of the 2023 Famous Brands Share Plan Rules and Circular to Shareholders.<\/li>\n<\/ul>\n<\/p><\/div>\n<div class=\"grey-study\">\n<h4>Compliance Statement<\/h4>\n<p>The Board confirms that for the year ended 28 February 2024, the Group complied with the provisions of<br \/>\n                the 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<br \/>\n                IV application register is available at https:\/\/famousbrands.co.za\/governance\/king-iv-register\/<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"col-md-4\">\n        <img decoding=\"async\" class=\"flyinUp animate__animated\" src=\"https:\/\/famousbrands.co.za\/iar2024\/images\/p132-5.png\" alt=\"\"><\/p>\n<p>The Board and its Committees have\u00a0Charters that are reviewed each year. The latest reviews took place in 2023, and where necessary, the Charters were amended or updated in line with the King IV recommendations and the JSE Listings Requirements.<\/p>\n<\/p><\/div>\n<div class=\"clearfix\"><\/div>\n<\/div>\n<h2>Governance structure and framework<\/h2>\n<div class=\"ri\">\n<img decoding=\"async\" class=\"flyinLeft animate__animated\" src=\"https:\/\/famousbrands.co.za\/iar2024\/images\/p133.png\" alt=\"\">\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Effective corporate governance establishes the policies and practices for ethical behaviour and ensures that stakeholder interests are protected. 95% Board and Committee meeting attendance 237 years Board members\u2019 aggregate years of\u00a0experience 73% Board independence 33% female Gender diversity Major Board decisions Approved the appointment of Nelisiwe Shiluvana as\u00a0Group Financial Director with effect from 1\u00a0August\u00a02023. Approved&#8230;  <a href=\"https:\/\/famousbrands.co.za\/iar2024\/governing-for-value-creation\/corporate-governance-at-a-glance\/\" class=\"more-link\" title=\"Read Corporate governance at a glance\">Read more &raquo;<\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"parent":4737,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Corporate governance at a glance - Famous Brands IAR 2024<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/famousbrands.co.za\/iar2024\/governing-for-value-creation\/corporate-governance-at-a-glance\/\" \/>\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 2024\" \/>\n<meta property=\"og:description\" content=\"Effective corporate governance establishes the policies and practices for ethical behaviour and ensures that stakeholder interests are protected. 95% Board and Committee meeting attendance 237 years Board members\u2019 aggregate years of\u00a0experience 73% Board independence 33% female Gender diversity Major Board decisions Approved the appointment of Nelisiwe Shiluvana as\u00a0Group Financial Director with effect from 1\u00a0August\u00a02023. 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