Loading...

MENU

Menu

+27 11 484 6245

Governance and Management

You are here : Home / About Us / Governance and Management

The Board

All Molteno governance structures are formalised, and regulations are set out in its constitution and charters. The structure is comprised of:

  • Board of Directors
  • Audit and Risk Management Committee
  • Human Resources Committee
  • Executive Committee

The Board of Directors is the top governance/management structure and consists of eight non-executive directors, the Patron, and the Chief Executive Officer as an Ex-Officio and Executive Director. The Chairperson of the Board of Directors is an independent non-executive director as per principle 2.16 of King III. Our patron is invited to attend board meetings as the public face of the organisation, and non-voting invitee. The Board of Directors meet four times a year. These meetings include three ordinary board meetings and the annual general meeting.

Management

The Executive Committee comprises five senior managers and is headed by the Chief Executive Officer. The committee convenes bi-monthly, mainly to report on the activities of their respective units. Likewise each line manager holds meetings with their unit staff members on a regular basis.

Board Committees

The Audit and Risk Committee consists of three non-executive directors with a background in financial accounting. Both the Chief Executive Officer and the Finance Manager have a standing invitation to the audit and risk management committee meetings, but have no voting rights. The meetings convene three times a year.