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Corporate Governance and Structure

Our approach to governance is shaped by our vision of being a leading investment company. We are committed to ethical leadership and good governance. As such, we view good governance as the cornerstone of everything we do as an organisation.

We constantly seek ways to create value beyond compliance. This is demonstrated in our commitment to transparency, robust stakeholder engagement practices and corporate social investment programmes. Creating value beyond compliance also extends to our investee companies. While we do not get involved in the operational affairs of our investee companies, we sit on their boards and, in this way, we are able to contribute to their strategic management as well as provide governance oversight.

The King IV Report on Corporate Governance advocates an outcomes-based approach to governance. The role of the board is to lead the organisation to achieve those outcomes, which include: effective control, good performance and legitimacy with stakeholders. The principles espoused in King IV are entrenched in RBH’s internal controls, policies and procedures, and embedded in our organisational culture. The full powers and responsibilities of the board are set out in the board charter, which is reviewed annually.

We are guided by best practice in all that we do across the business. In the governance sphere this entails adopting the following governance frameworks, among others: King IV Code, Responsible Investing Framework, the (Department of Trade, Industry and Competition) dtic’s B-BBEE Codes of Good Practice, and the Companies Act.

Governance Structure

To ensure good governance, the accounts of all entities (including RBH) within the RBN are audited and financial reports are presented annually at Kgotha-Kgothe, the community general meeting and the highest decision-making body in the Nation. It is convened twice a year to review the performance of all entities belonging to the RBN. The second-highest decision-making body is the Supreme Council, comprising of traditional headmen as well as elected and appointed councillors.The Supreme Council is responsible for establishing and monitoring policies and social spending priorities.

As RBH, we are proud of our consistent track record of clean audits since our establishment.

How We Are Governed

RBH Governance structure [chart]

Unpacking Our Structure

RBH structure [chart]