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MultiChoice South Africa Holdings Proprietary Limited
Integrated annual report 2018
67
Corporate governance review
(continued)
Governance structure
Company secretary
Organisation
MultiChoice board
Senior management
Risk committee
Audit committee
Remuneration
and equity committee
Our board
How the board adds value
h
Steer and provide strategic direction to
the group and monitor management’s
implementation and progress towards
strategic objectives.
h
Monitor ethical conduct across the group.
h
Monitor key compliance with applicable laws
and adopted codes and standards.
h
Set appropriate risk appetite thresholds and
monitoring key risks and mitigation plans.
h
Ensure fair and responsible remuneration
processes and policies are implemented.
h
Monitor stakeholder engagement and
relationships.
h
The board is assisted by its committees
in fulfilling its duties.
Composition
Biographical details of directors at 31 March
2018 appear on
pages 74 and 75.MultiChoice has a unitary board that fulfils
oversight and control functions. The board
charter shows a clear division of
responsibilities. As required by King IV
TM
, the
majority of board members are non-executive
directors. To ensure no one individual has
unfettered powers of decision-making and
authority, the roles of chair and chief executive
are separate.