Page 33 - SABN AR 2021

Board
Date of appointment/ election
Date of meetings
Director
2020/05/13
2020/07/28
2020/11/19
√
2021/03/11
M Pillay (Chairperson)
1 July 2018
√
√
√
√
R J G Barrow
16 February 2012
√
√
√
∞
M G Ilsley
9 November 2015
√
√
√
√
P Maharaj
28 November 2016
√
√
√
L L Mda
14 May 2018
√
√
√
√
J Sibanda
6 May 2019
√
√
√
√
6 May 2019
√
√
√
H E K Mamabolo
12 March 2020
√
√
√
√
16 February 2021
-
-
-
W Mkhabela √ T M Nombembe √
√ Attended
– Not appointed ∞ By invitation
Audit and Risk Committee
The Board established the ARC to provide the Board with assurance regarding the integrity of financial information, thereby contributing to the objectivity and credibility of the SABN’s financial reporting. The ARC maintains effective working relationships between the Board, management, the internal auditors and the external auditors. The ARC meets at least four times a year. The Chairperson makes a presentation regarding the deliberations and recommendations of the ARC at Board meetings.
The ARC consists of three independent non-executive directors. The Chairperson of the ARC is an independent non-executive director. The Chairperson of the Board, the Managing Director and the Group Executive: Currency Management attend the meetings by invitation. Dr Nombembe attended the meetings of the ARC in October 2020 and February 2021 by invitation. The Board meeting held on 11 March 2021 approved that Dr Nombembe chair the meetings of the ARC.
R J G Barrow (Chairperson) √
√ Attended
x Apologies for absence ∞ By invitation
South African Bank Note Company (RF) Proprietary Limited
Annual Report 2021
33
Audit and Risk Committee
Date of appointment/ election
Date of meetings
Director
2020/05/06
2020/07/08
2020/10/15
2021/02/04
16 February 2012
√
√
√
M G Ilsley
W Mkhabela
T M Nombembe
9 November 2015
16 February 2021
√
-
√
√
-
x
∞
√
6 May 2019
√
√
√
∞