COMMITTEES

To enable the board to properly discharge its onerous responsibilities and duties, certain responsibilities of the board have been delegated to board committees. The creation of committees does not reduce the directors’ overall responsibility and therefore all committees must report and make recommendations to the board. All our board committees are chaired by an independent non-executive director, except for the Nomination Committee. All board committees report and make recommendations to the board regarding any issues that may arise. Furthermore, each board committee acts in accordance with its respective charter.

At 8 November 2011, the various board committees are as follows:

Audit Committee

Members

Cedric Savage (chairman)
Fikile De Buck
Dr Simo Lushaba
Modise Motloba

Remuneration Committee

Members

Cathy Markus (chairman)
Dr Simo Lushaba
André Wilkens
Fikile De Buck

Empowerment Committee

Members

Joaquim Chissano (chairman)
Cathie Markus
Modise Motloba
Mavuso Msimang

Social and ethics committee

Members

Modise Motloba (chairman)
Joaquim Chissano
Fikile De Buck
Cathie Markus
David Noko
Mavuso Msimang

Investment Committee

Members

Dr Simo Lushaba (chairman)
Ken Dicks
Cathie Markus
Cedric Savage
André Wilkens

Technical Committee

Members

André Wilkens (chairman)
Ken Dicks
Cedric Savage
David Noko

Nomination Committee

Members

Fikile De Buck (chairman)
Patrice Motsepe (chairman)
Frank Abbott
Joaquim Chissano
Modise Motloba

Other committees

Executive management committee

Members of the Executive Management Committee meet weekly. Standard items on the agenda include: safety, operational results, cash flow, people issues, services improvement and matters arising.

These committees are considered to be vital to the functioning of the company and ensuring the appropriate control and provision of information to the board. Certain members of the Executive Management Committee belong to the following committees, which meet regularly.

Committee name	Members	Purpose and function	Frequency of meetings
Corporate Social Responsibility Committee	Chief executive officer, executive management and the company secretary	Considers and approved local economic development projects funded by the company	Ad hoc (as and when there are project proposals)
Ethics Committee	Company secretary, human resources executive, corporate affairs executive, services executive, and corporate and investor relations executive	Monitors the ethical culture and levels of integrity	Quarterly
Group Operational Committee	Chief operating officers and group operations teams	Reviews operations, safety performance, environmental issues and human resources	Weekly
Information Technology Communication Committee	Chief executive officer, interim financial director, chief operating officers and chief information officer	Oversees IT within the company	Quarterly
Operations Committee	Chief operating officers, group operations teams and general managers	Oversees the execution of detailed shaft plans, employee relations, procurement, costs, cash flows	Monthly
Risk Management Committee	Financial director, chief operating officers, engineering and risk management executive, company secretary and head: internal control and governance	Oversight of risk management	Bi-annually
Shaft Review Committee	Chief operating officers, shaft teams and members of the executive	Reviews shaft specific operational performance, major capital expenditure and forecasts	Monthly at each shaft
SOx Steering Committee	Head: Internal Control and Governance, financial managers, chief information officer, payroll and supply chain managers.	Reviews compliance	Monthly
Tender Committee	General managers procurement, group technical managers	Monitors all procurement procedures and reviews increases on contract items	Monthly
White Collar Crime Committee	Heads of services departments	Considers confidential reports received on code of ethics violations, fraud and inappropriate behaviour	Monthly