Page 26 - Niveus - Integrated report 2013

Where required, the secretary facilitates induction and training for directors and
coordinates the annual board evaluation process. Directors have unrestricted
access to the advice and services of the company secretary while maintaining an
arm’s length relationship between the board and the company secretary.
The company secretary attends all board and audit and risk committee meetings.
Access to information
No requests for information were lodged with the company in terms of the Promotion
of Access to Information Act, 2 of 2000.
Gaming policy
Niveus is a shareholder in a number of gambling facilities included in Vukani and
Galaxy Bingo. As such, employees are prohibited from gambling during working
hours in contravention of the gambling licences. The directors and key employees
are aware of their responsibilities as directors and key employees of gaming entities.
BOARD SUBCOMMITTEES
The board has established subcommittees to assist it in discharging its duties
and responsibilities. Each committee has a charter or mandate defining its
duties and powers. The minutes of the committee meetings are included in the
agendas of subsequent board meetings with the chairmen of the subcommittees
giving feedback to the board.
Notwithstanding the delegation of functions to the committees, the board remains
ultimately responsible for the proper fulfilment of such functions, except for the
functions of the audit and risk committee relating to the appointment, fees and terms
of engagement of the external auditor.
The responsibilities of the committees are contained in their respective terms of
reference and mandates, which are approved by the board.
CORPORATE GOVERNANCE
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continued)
Niveus Investments Limited integrated Report 2013
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