The board

Northam’s board has a unitary structure, and comprises 10 members. Board members assume overall responsibility for the company and its activities, including risk management and governance. The board is ultimately responsible for oversight of the strategic direction of the group. The board provides a platform for the integration of strategy, risk, sustainability and performance so as to address the various stakeholder interests of the group.

The board is guided by the board charter, and is supported in its role by a number of board committees, namely:

• the audit and risk committee
• the health, safety and environment committee;
• the investment committee; and
• the social, ethics and human resources committee.

In terms of the company’s articles of association no fewer than 50% of the directors are required to be historically disadvantaged persons (HDPs) as defined in the MPRDA. To this end, the board has appointed additional non-executive directors who qualify as HDPs, thus bringing the total number of such directors to six of the directors.