ECIC IR 2023

Integrated Report 2023

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

Table 1: Board members, committees and meeting attendance from 1 April 2022 to 31 March 2023

Board and Board Committee Meetings and Attendance

Board Members (Directors)

Board (8)

Audit (6)

Risk (4)

FIIC (7)

HRREMCO (6)

SEC (3)

Non-Executive Directors D Dharmalingam

8 (C)

-

3

-

6

3

V Matsiliza

7

6

7

6 (C)

-

S O’Mahony

8

6

4 (C)

-

6

-

S Mayekiso

8

6

7 (C)

6

-

L Mothae

8

6 (C)

-

-

6

3

D Subbiah

8

-

4

7

-

3 (C)

Shareholder representative: L Mataboge (Alternate: W van der Spuy)*

8

4

E Makhubela #

6

4

5

Executive director K Kutoane

10

4

3

Notes to the table (C) = Chairperson of Board Committee *Shareholder representative ( the dtic ) #Shareholder representative (National Treasury) **Term ended 30 June 2022 Director induction, orientation, and ongoing education A comprehensive director orientation, induction and training programme is implemented on an ongoing basis to inform new directors about their duties and responsibilities. Existing Board members are encouraged to, and do, participate in the induction programme. The orientation programme is structured to improve directors’ understanding of the ECIC’s legislative framework, governance processes, delegation of authority and business operations. Board members attend regular internal and external briefing sessions to broaden their understanding of the ECIC’s operations and keep Board committees informed about new legislation and regulations, as well as local and international industry developments, technology issues, risk management and corporate governance best practices. Director mentoring or coaching is available, as and when required.

Independent advice The Board recognises the need for directors to take independent professional advice at the Corporation’s expense according to an agreed procedure. No individual director exercised this right during the period under review. Board and director evaluations An annual evaluation process assesses the effectiveness of the Board and Board committees and can identify any major operational weaknesses and/or the relative skills mix and other considerations for effectiveness. The Board submits its evaluation and progress report annually to the dtic . The overall performances of the Chairperson, Company Secretary, Board, and committees were viewed as satisfactory. The CEO’s performance is also reviewed annually by the Board and Executive team and the relevant feedback provided therein.

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