Corporate governance aligned to the King IV^TM principles

CHAIRPERSON: Yasmin Forbes (until 6 June 2023) | Thandi Thankge (from 25 May 2023)
All HR & REMCO members were impacted by the SAICA Board member rotation at the SAICA AGM on 25 May 2023, leading to a newly elected member replacing the Chairperson of the HR & REMCO

Members of committee in the period 1 January 2023 to 31 December 2023

• Yasmin Forbes^* – Chair (Until 6 June 2023) - (100% Attendance)
• Tintswalo Mofokeng - (100% Attendance)
• Dheren Singh - (100% Attendance)
• Thandi Thankge^** – Chair (25 May 2023) - (100% Attendance)
• Alice le Roux (from 1 June 2023) - (100% Attendance)

^*HR & REMCO Chair | ^**Joined HR & REMCO (Chair)

COMMITTEE PURPOSE AND HOW IT CONTRIBUTES TO VALUE CREATION

The committee’s main responsibility is to support the Board in providing independent oversight of:

• Recommending to the Board for approval a developed strategy and supporting policies for the acquisition, management, retention, and fair and responsible remuneration of human capital in compliance with legal requirements, governance standards, and industry best practices.
• Overseeing the overall governance of human capital management; to define and manage SAICA’s remuneration and reward policy framework and strategy; and to provide the Board with assurances in these areas.

DECLARATION

The committee reports that for the year ended 31 December 2023, it is satisfied that it has fulfilled its responsibilities in accordance with the Companies Act, the Board Charter, the Committee Terms of Reference, King IV™ and other applicable standards and codes.