02 August 2018 - NW1202
Kalyan, Ms SV to ask the Minister of Public Enterprises
Who nominated (a) (i) Mrs H B Matseke, (ii) Mr T Haasbroek, (iii) Ms McMaster and (iv) Mr T Matona for their positions as board members of the Alexkor SOC Ltd. Board and (b) Mr V Bansi for Acting Chief Executive Officer of Alexkor? NW 1296E
(a) (i), (ii), and (iv) In terms of the Board appointment process, names of potential candidates for the database may be submitted through various means, including:
- Submission by the individual of his or her Curriculum Vitae;
- Nomination by another person; or
- Application or nomination to the annual advertisement to update the database.
From the records it would appear that there are no specific nominations by another person of Mrs Matseke (Chairperson) and Messrs Haasbroek, Matona and Bansi, respectively. These names came through the Ministry during the Board review process. They were appointed as Non-executive Directors (NEDs) of the Board of Alexkor by former Minister of Public Enterprises, Ms Lynne Brown, at a Special General Meeting held on 14 August 2015. The appointments (with the exception of Ms McMaster who was never appointed as a Director to the Alexkor Board), were done in accordance with clause 13.2 of the Alexkor Memorandum of Incorporation (MOI) which provides that the Shareholder (the Minister of Public Enterprises) shall appoint the Directors of the Company, as well as in accordance with terms 13.11 of the Alexkor MOI which provides for the rotation of Directors and the filling of vacancies on the Alexkor Board.
Ms Matseke was appointed as Chairperson and NED of the Board, while Messrs Haasbroek, Matona and Bansi, respectively were appointed as NEDs at the SGM with effect from 14 August 2015, for a period of three years, subject to annual review by the Minister.
(iii) Ms McMaster was not appointed as a Director to the Alexkor Board.
(b) Following the resignation of former Chief Executive Officer (CEO), Mr Percival (Percy) Khoza, during the Company’s restructuring process in February 2016, Mr Bansi was recommended by the Board and supported by the then Minister to Act as CEO and ex-officio Director of the Board of Alexkor on 1 March 2016, until such time that a permanent CEO was appointed by the Company. Mr Bansi subsequently submitted his resignation as Acting CEO, ex officio, to the Board effective 6 November 2017, before the new CEO took up office. At the time, Mr Bansi had indicated that he is not available for re-election as NED of the Board going forward.