Integrated report 2020
Exxaro report selector 2020
Exxaro Resources Limited
ESG report 2020
REPORT SELECTOR
Isaac Mophatlane
Investment committee chairperson
Dear shareholders,
I am pleased to present the investment committee report for the year ended 31 December 2020.
The committee has an independent role in monitoring on behalf of, and reporting to, the board on material acquisitions, mergers and investments or disposal opportunities as well as ongoing material transactions and related matters in the scope of business of tomorrow activities. Investments that relate to coal operations and materials of the future are not reviewed by this committee.
It also has oversight of the business of tomorrow steering committee, which is a management committee required to report on its portfolio to this investment committee every quarter.
The board appoints members on recommendation of the remuneration and nomination committee. The board ensures there is a balanced blend of skills and experience to enable the committee to discharge its functions. The board will consider the need for ad hoc invitees with necessary technical experience to assist members in their technical deliberations. The committee may therefore, in the execution of its roles and responsibilities, co-opt third-party advisers to assist members in their deliberations and decisions.
Throughout 2020, the committee comprised five independent non-executive directors. In addition, the CEO, FD, general manager: business of tomorrow are permanent invitees to meetings.
No meetings were held by this committee in 2020. It currently serves as an ad hoc board committee.
On behalf of the committee
Investment committee chairperson
19 April 2021