About IDCCorporate People
The IDC Act determines the constitution of the Board of Directors as well as their rights, powers and obligations. The Board meets at least eight times annually.
The Board of Directors is appointed by the shareholder and operates within a unitary structure that provides for interaction among all members in decision-making and communication with stakeholders.
The Board subscribes to the need to conduct the IDC’s business with integrity and in accordance with generally accepted corporate practices as contained in the King Report.
The Chairman of the Board is a non-executive Director with the Managing Director as his alternate being the only executive members of the Board. The non-executive directors receive no remuneration other than directors’ fees, which are determined by the shareholder.
The Board retains full and effective control over the Corporation by monitoring management and implementing Board policies and strategies within the parameters of its mandate from the shareholder, by setting targets and measuring the IDC’s performance on an annual basis.
In order to avoid conflicts of interest and with a view to ensuring transparency at all times, a register of directors’ interests in companies containing the nature of such interests, as well as the nature and extent of beneficial shares held in companies, is submitted and circulated at each meeting of the Board of Directors for noting and updating where necessary. Where a director has an interest in any matter before the Board for consideration, the directors concerned recuse themselves from the meeting.
The shareholder appoints the Board of Directors. The Board operates within a unitary structure that provides for interaction among all Board members in the decision- making process on strategy, planning performance, resources, business ethics and communication with stakeholders. The Board of Directors subscribes to the need to conduct the IDC’s business with integrity and in accordance with generally accepted corporate practices as contained in the King Report.
Board of Directors
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Ms MW Hlahla |
Mr MC Nkuhlu |
Mr MG Qhena |
Ms NN Nokwe |
Acting Chairman |
Deputy Chairman |
CEO |
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Mr JR Barton |
Mr NG Nika |
Ms BN Njobe |
Mr MS Moloko |
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Mr JC Mtshali |
Mr SK Mapetla |
Mr LR Pitot |
Ms LI Bethlehem |
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Ms LL Dhlamini |
Mr NE Zalk |
Mr GS Gouws |
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CFO |
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