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Protea Limited (Protea) is the largest distributor of consumer goods, general merchandise, home improvement equipment and is a wholesaler of basic foods in South Africa. Protea’s governance structure consists of the board of directors, assisted by four committees, namely the audit, remuneration, risk governance and nominations committees. The following information concerns individuals on Protea’s Board of Directors, as at 29 February 2020:

 

Director

Notes

Position

Mr S Kolisi

Mr Kolisi had been appointed to the position of CEO of Protea, on 1 July 2007, and he also served as a member of the Audit Committee of Protea for a number of years. Mr Kolisi and Mr Bokkie are the two members serving on the Audit Committee.

Chief Executive Officer (CEO)

 

Choose the alternative that correctly indicate the committees that Mr Kolisi, as the CEO, is allowed to be a member of, in terms of the King IV Report:

  1. Nominations committee
  2. Remunerations committee
  3. Risk governance committee
  4. Social and ethics committee
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