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Board Committees

Each Board Committee has a charter, or terms of reference, that is formally signed off by the Board and is reviewed annually by the Committees and Board to ensure relevance. Massmart currently has the Risk Committee, the Audit Committee, the Remuneration Committee, the Nominations Committee and the Social and Ethics Committee.

Each Board Committee has a charter, or terms of reference, that is formally signed off by the Board and is reviewed annually by the Committees and Board to ensure relevance.

The table below reflects the Board members’ attendance at the meetings for the 53 weeks ended 29 December 2013

Status / Position Board AGM Audit1 Risk1 Nomination2 Remuneration2 Social & Ethics
BOARD MEMBERS
MJ Lamberti Independent Non-executive   4/4C   1/1C 3/3 2/2   4/4C   4/4 -
CS Seabrooke Independent Non-executive   4/4   1/1   3/3C   2/2C   4/4   4/4C -
D Cheesewright Non-executive   4/4   0/1 3/3* 2/2*   4/4   4/4   1/2*
JA Davis Non-executive   4/4   1/1 3/3* 1/2* - - -
NN Gwagwa Independent Non-executive   3/4   1/1   3/3 2/2 - - -
GRC Hayward Executive   4/4   1/1 2/3* 2/2 4/4* 4/4* -
P Langeni Independent Non-executive   4/4   1/1   3/3 2/2 - -   2/2C
GM Pattison Executive   4/4   1/1 2/3* 1/2* 4/4* 4/4* 2/2
JP Suarez Non-executive   4/4   0/1 - - - - 1/2
I Zwarenstein Executive   4/4   1/1 3/3* 2/2 - - -
MANAGEMENT
T. Doorasamy3 Chief Compliance Officer - - 2/3* 1/1* - -   1/1*
N Gray Chief Audit Executive -   1/1* 3/3* 2/2 - - -
B Leroni Corporate Affairs Executive -   1/1* - - - -   2/2*
P Maphoshe Human Capital Executive - - - - - -   1/2*
M Mthunzi Supplier Development Executive   1/4* - - - - - -
P Sigsworth Company Secretary   4/4*   1/1* 3/3* 2/2* - - -
M Spivey General Counsel   4/4*   1/1* 3/3* 2/2 4/4* 4/4*   2/2*
K Vyvyan-Day Divisional Chief Executive
Cambridge Food
- - - - - - -
L Walters Divisional Chief Executive
Massbuild
- - - 1/1 - - -
J Wilford Financial Director
Masswarehouse
- - - 1/1 - - -

 
C Chairperson
* Invitee
1With effect from 22 May 2013 the Audit and Risk Committee was split into two Committees to allow each committee to give more focus to their different roles. The membership of the committees can be seen on the next page. The first meeting in the 2013 financial year took place on 25 February 2013, before the split, and the attendance at this meeting has been included in both the “Audit” and “Risk” columns above.
2In accordance with King III, with effect from 4 March 2013 the Nomination and Remuneration Committee was split into two committees: the membership of the committees remains the same as that of the former combined committee. The first meeting in the 2013 financial year took place on 26 February 2013, before the split, and the attendance at this meeting has been included in both the “Nomination” and “Remuneration” columns above.
3Appointed as Chief Compliance Officer on 1 July 2013, and as such was only invited to one meeting in the 2013 financial year.

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