The board and board appointed committees

The Northam board is diverse, consisting of 13 members. A total of 23% of our board members hold engineering degrees, 38% are chartered accountants (SA) and the balance have relevant experience in corporate finance, mergers and acquisitions and other associated and requisite disciplines. Six board members, including our chief executive officer (CEO), have extensive exposure and experience as CEOs.

Board demographics

Board demographics [graph]
 

Tenure

Tenure [graph]
 



Gender diversity

Female
31%

4

Gender diversity female [icon]
Male
69%

9

Gender diversity male [icon]
Northam target for female
board representation: 20%
 

Age diversity

Oldest
member

74

Age diversity oldest [icon]
Youngest
member

39

Age diversity youngest [icon]
Average age of 56
62% under the age of 60
 



Governance structure

Board of directors
Non-executive directors: Executive directors: Independent non-executive directors:
KB Mosehla
(non-executive chairman)
CK Chabedi
TE Kgosi
PA Dunne
(chief executive officer)
AH Coetzee
(chief financial officer)
R Havenstein (lead independent)
DH Brown
HH Hickey
Dr NY Jekwa
JJ Nel
MH Jonas
TI Mvusi
JG Smithies

Board committees
Audit and risk committee Health, safety and environmental committee (HSE)
HH Hickey
(chairman)
DH Brown
Dr NY Jekwa
JJ Nel
R Havenstein
(chairman)
CK Chabedi
PA Dunne
Dr NY Jekwa
JG Smithies
By invitation:
Management
Internal audit
External audit
By invitation:
Management

Investment committee: Nomination committee:
DH Brown
(chairman)
CK Chabedi
R Havenstein
KB Mosehla
JJ Nel
R Havenstein
(chairman)
TE Kgosi
KB Mosehla
By invitation:
Management
By invitation:
Management

Social, ethics, human resources and transformation committee (SEHR&T)
TE Kgosi
(chairperson)
CK Chabedi
Dr NY Jekwa
By invitation:
Management

Directorate and management

KB Mosehla [photo]

KB Mosehla

Chairman, non-executive director

CA (SA)

Appointed to the board in August 2015

Other directorships: Chief executive of Mosomo Investment Holdings Proprietary Limited, non-executive director of Malundi Resources (RF) Proprietary Limited, MC Mining Limited and Tembisa Provincial Teriary Hospital. Mr Mosehla is chairman of Zambezi Platinum (RF) Limited (Zambezi Platinum) and is the chief financial officer of The Housing Development Agency of South Africa.

Experience: Former executive director of Mvelaphanda Holdings Proprietary Limited and Mvelaphanda Resources Limited.

Expertise: Finance

R Havenstein [photo]

R Havenstein

Lead independent non-executive director

MSc (Chemical Engineering), BCom

Appointed to the board in July 2003

Other directorships: Independent non-executive director of Murray and Roberts Holdings Limited, chairman of Omnia Holdings Limited.

Experience: Former CEO of Anglo American Platinum Limited. Former executive director of Sasol Limited, responsible for Sasol Chemical Industries.

Expertise: Mining (with PGMs focus)

DH Brown [photo]

DH Brown

Independent non-executive director

CA (SA)

Appointed to the board in November 2017

Other directorships: Serves in a non-executive capacity on the boards of listed companies Resilient Reit Limited, Bindura Nickel Company Limited and the Vodacom Group Limited, where he is also the lead independent director. He is also chairman and non-executive director respectively of the unlisted Great Dyke Investments and Ntsimbintle Holdings (Pty) Limited.

Experience: Former CEO of MC Mining Limited and prior to that served as CEO and CFO at Impala Platinum Holdings Limited (Implats). He was previously a member of the Accenture South Africa advisory board, worked in information technology and for the Exxon Mobil Corporation in Europe.

Expertise: Mining (with PGMs focus), M&A, finance, audit and risk.

CK Chabedi [photo]

CK Chabedi

Non-executive director

MSc (Mining Engineering), Pr. Eng, MDP, MSAIMM

Appointed to the board in June 2009

Experience: Over 25 years’ experience in mining and is currently a senior lecturer at the School of Mining Engineering at the University of the Witwatersrand. Mr Chabedi is a former non-executive director of Mvelaphanda Resources Limited. His mining experience includes over 12 years in both opencast and underground mines. He also has over 13 years’ experience in academia.

Expertise: Mining

AH Coetzee [photo]

AH Coetzee

Chief financial officer

CA (SA)

Appointed to the board in November 2018

Other directorships: Non-executive director of Zambezi Platinum.

Experience: Former associate director at EY.

Expertise: Finance, audit and risk management

PA Dunne [photo]

PA Dunne (British)

Chief executive officer

BSc (Hons), MBA

Appointed to the board in March 2014

Other directorships: Non-executive director of Zambezi Platinum and the International Platinum Group Metals Association (IPA).

Experience: Former executive director at Implats, responsible for all mining, concentrating and smelting operations at the group’s Rustenburg and Marula mines.

Expertise: Mining and metallurgy (with PGMs focus)

HH Hickey [photo]

HH Hickey

Independent non-executive director

CA (SA)

Appointed to the board in January 2016

Other directorships: Independent non-executive director of Barloworld Limited, Cashbuild Limited and Pan African Resources Plc.

Experience: Former chairman of the South African Institute of Chartered Accountants.

Expertise: Finance, audit, risk management and governance at large, listed entities.

Dr NY Jekwa [photo]

Dr NY Jekwa

Independent non-executive director

MBA (Finance), MBBCh (Bachelor of Medicine and Bachelor of Surgery), MIoDSA

Appointed to the board in November 2017

Other directorships: Joint managing director of Mergence Investment Managers Proprietary Limited and an independent non-executive director of Ascendis Health Limited. She is also a proposed non-executive director of Brait Societas Europaea.

Experience: Former head of capital raising at Coast2Coast Proprietary Limited (a private equity firm) and has held senior positions in both structured and leveraging finance at Rand Merchant Bank and Nedbank Corporate and Investment Bank.

Expertise: Finance and M&A

MH Jonas [photo]

MH Jonas

Independent non-executive director

BA (History and Sociology)

Appointed to the board in November 2018

Other directorships: Chairman of MTN Group Limited and independent non-executive director of Sygnia Limited.

Experience: One of four independent presidential investment envoys, appointed by President Cyril Ramaphosa to attract investors to South Africa. Former deputy finance minister of the Government of South Africa from 2014 to 2017 and member of the National Assembly until April 2017. Former chairman and non-executive director of the Public Investment Corporation.

Expertise: Finance

TE Kgosi [photo]

TE Kgosi

Non-executive director

BCom (Hons)

Appointed to the board in November 2004

Experience: Former cluster manager – materials management (Gauteng and North West operating units) in supply chain operations, Eskom SOC Limited. Extensive experience in the banking sector (specialising in treasury), having held positions at a number of South Africa’s main banking groups as well as Credit Suisse First Boston (NY).

Expertise: Finance

TI Mvusi [photo]

TI Mvusi

Independent non-executive director

BA, ELP, MAP, PDP

Appointed to the board in January 2016

Other directorships: Executive director of Sanlam Limited and director of various Sanlam group companies. Also non-executive director of Umso Construction Proprietary Limited.

Experience: Has served as chief executive of market development at Sanlam since August 2005 and was appointed acting chief executive of Sanlam Corporate in April 2017. Mr Mvusi was previously a general manager of Gensec Property Services Limited and marketing manager at Franklin and Templeton Asset Management.

Expertise: Finance and investment management

JJ Nel [photo]

JJ Nel

Independent non-executive director

CA (SA), CFA (AIMR), AMP (INSEAD)

Appointed to the board in November 2018

Other directorships: Non-executive director of DRDGOLD Limited; Mimosa Holdings Proprietary Limited and Mimosa Investment Limited (owner of Mimosa Platinum mine in Zimbabwe); DRA Global Limited; and independent non-executive director of Tongaat Hulett Limited

Experience: Former divisional CEO for Sibanye- Stillwater Limited (Sibanye-Stillwater), heading the PGM division of Sibanye-Stillwater following the acquisition of Aquarius Platinum Limited (Aquarius) in 2016. Former CEO of Aquarius from 2012 to 2016.

Expertise: Mining (with PGMs focus), finance and M&A

JG Smithies [photo]

JG Smithies (British)

Independent non-executive director

BSc (Mining Engineering), BSc (Chemistry)

Appointed to the board in January 2017

Experience: Former director of operations and CEO of Implats.

Expertise: Mining (with PGMs focus)

Board and committee meetings

The board and its committees meet at least once a quarter; ad hoc meetings may also be called to consider specific issues. The investment committee and the nomination committee meet as and when required, which may be more or less than four times a year. All directors are required to declare their directorships and interests. At each board and committee meeting they are requested to declare any conflict of interest in matters pending.