Integrated
Report

2019

Currently viewing: BUSINESS OVERVIEW/ Extract from the corporate governance review and remuneration report | Next: Operating context and response

Extract from the corporate governance review and remuneration report

Board of directors

   
   
 
Pierre Tredoux (62)     Brett Nagle (42)     Hellen El Haimer (45)  
Independent non-executive chairperson     Independent non-executive director     Lead independent non-executive director  

Appointed: February 2005, chairperson 2012

Qualification: CA(SA)

Committees: Investment, remuneration and nominations

External directorship: Barnstone Group (executive)

 

Appointed: July 2015

Qualification: CA(SA)

Committees: Investment, audit and risk

External directorship: Safe Mode Investments Proprietary Limited

 

Appointed: August 2013

Qualification: BSoc.Sc, LLB Hons (strategic management), AdvDip in property investment)

Committees: Audit and risk, transformation, social and ethics

External directorship: FM Institute Proprietary Limited Rhyco Risk Projects

               
   
   
 
Stewart Shaw-Taylor (67)     Thys du Toit (60)     Johan van der Merwe (54)  
Independent non-executive director     Independent non-executive director     Independent non-executive director  

Appointed: November 2012

Qualification: CA(SA)

Committees: Investment, audit and risk

External directorship: Hyprop Investments Limited, Newpark REIT Limited

 

Appointed: August 2013

Qualification: BSc (Agric), MBA

Committees: Remuneration and nominations

External directorship: Non-executive director of Old Mutual Limited, director of Rootstock Investment Management Proprietary Limited

 

Appointed: May 2008

Qualification: CA(SA), MCom (Tax), MPhil (Finance)

Committees: Remuneration and nominations

External directorship: Co-CEO of African Rainbow Capital Investments Limited

               
   
   
 
Ipeleng Mkhari (45)     Melt Hamman (48)     Raj Nana (36)  
Independent non-executive director     Chief executive officer (CEO)     Chief financial officer (CFO)  

Appointed: March 2018

Qualification: BSc

Committees: Transformation, social and ethics (appointed 4 September 2019)

External directorship: Motseng Investment Holdings Proprietary Limited (CEO), KAP Industrial Holdings Limited, Nampak Limited

 

Appointed: July 2013 (CFO and board member) June 2018 (CEO)

Qualification: CA(SA)

Committees: Investment, executive management

 

Appointed: April 2014, June 2018 (CFO and board member)

Qualification: CA(SA)

Committees: Investment, transformation, social and ethics (resigned 4 September 2019 and appointed as Jackie van Niekerk‚Äôs alternate), executive management

               
   
Board tenure (%)   Board by age group (%)
 

Average tenure 6.1 years (2018: 5.8 years) Average age 42 years (2018: 42 years)

 
Jackie van Niekerk (36)      
Chief operating officer (COO)      

Appointed: April 2017 (COO), June 2018 (board member)

Qualification: BCom

Committees: Investment, Investment, transformation, social and ethics, executive management

   
       

For more information please refer to our sustainability report.

Executive management

1. Giles Pendleton (46)

Chief development officer

Appointed: March 2018

Qualifications: National HDip building

Committees: Investment, executive management

2. Peter de Villiers (41)

Chief investment officer and interim company secretary

Appointed: July 2013, June 2018 (CIO), April 2019 (interim company secretary)

Qualifications: CA(SA), CFA

Committees: Investment, executive management

3. Raj Nana (36)

Chief financial officer (CFO)

Appointed: April 2014, June 2018 (CFO) and board member

Qualification: CA(SA)

Committees: Investment, transformation, social and ethics (resigned 4 September 2019 and appointed as Jackie van Niekerk's alternate), executive management

4. Jackie van Niekerk (36)

Chief operating officer (COO)

Appointed: April 2017 (COO), June 2018 (board member)

Qualification: BCom

Committees: Investment, transformation, social and ethics, executive management

5. Melt Hamman (48)

Chief executive officer (CEO)

Appointed: July 2013 (CFO and board member)
June 2018 (CEO)

Qualification: CA(SA)

Committee: Investment, executive management

Board racial diversity (%)

70%
Male


30%
Female


Board gender diversity (%)

70%
White


30%
African, Coloured,
Indian


Board independence (%)

70%
Independent,
non-executive


30%
Executive



For more information please refer to our sustainability report.

Directors' value add skills matrix

Director Property development Property asset management SA retailer knowledge SA corporate knowledge International markets Tax Financial markets Financial accounting
Pierre Tredoux
Hellen El Haimer
Stewart Shaw–Taylor
Thys du Toit
Johan van der Merwe
Brett Nagle
Ipeleng Khari
Melt Hamman
Raj Nana
Jackie van Niekerk
Director Risk management Funding Investment management Marketing Legal and regulatory Information technology ESG
Pierre Tredoux
Hellen El Haimer
Stewart Shaw–Taylor
Thys du Toit
Johan van der Merwe
Brett Nagle
Ipeleng Khari
Melt Hamman
Raj Nana
Jackie van Niekerk

Executive directors' remuneration

In line with King IV, we disclose a single view of executive directors' remuneration for 2019, compared to 2018. The detailed section in our sustainability report sets out our remuneration policy and remuneration implementation process, changes during the review period as well as voting on remuneration results from the 2018 annual general meeting.

2019 Melt Hamman Raj Nana Jackie van Niekerk  
Benefit South Africa
R'000
MAS
R'000
International
R'000
Total
R'000
R'000 R'000  
Guaranteed total package 4 024 327 4 351 2 278 2 450  
Short-term incentive 2 924 170 3 094 1 000 850  
Pension 161 161 92 137  
Other* 97 97 64 51  
Long-term incentive – vesting of shares 3 725 3 725 623  
Total 10 931 327 170 11 428 4 057 3 488  

* Life insurance, pension administration fees, long service award, etc.

2018 Melt Hamman Raj Nana Jackie van Niekerk  
Benefit South Africa
R'000
MAS
R'000
International
R'000
Total
R'000
R'000 R'000  
Guaranteed total package 3 607 184 3 791 1469 2505  
Short-term incentive 67     67 380  
Pension 105     105 48 128  
Other* 56     56 71 59  
Long-term incentive – vesting of shares 3 749     3 749 245  
Total 7 584 184 7 768 2 213 2 692  

* Life insurance, pension administration fees, long service award, etc.