board committees

During the 2005 financial year members of the risk, audit, nominations and remuneration committees evaluated their effectiveness through a self-assessment process conducted by means of a questionnaire. The committees’ composition and structure, procedures, terms of reference, effectiveness and leadership were analysed. The results of the analysis were used to further improve the effectiveness of the committees’ functioning. Committee evaluations have been planned for the 2007 financial year.

The Chief executive officer attends all the committee meetings of which he is not a member by invitation. This demonstrates the commitment to corporate governance within the group.

The committees have unreserved access to company information, any resources required to fulfill their responsibilities and are able to obtain professional advice, at the expense of the group, where necessary.

attendance at board meetings

	Aug	Nov 2005		Feb 2006		May 2006
Director	2005	Strategy	Board	Strategy	Board	Strategy	Board
Buddy Hawton C N
Simon Susman CEO
Mair Barnes N
Nigel Colne N
Nolitha Fakude R				-	-	-	-
Brian Frost N
Richard Inskip E
Mike Leeming N
Chris Nissen N				A	A
Norman Thomson E
Sindi Zilwa N

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