Balance of Power
This policy ensures that no single individual on the Board has unfettered powers of decision-making
and that there is a balance of power among the members of the Board, and between the Board
and management. Among other things it requires that the Board, with the assistance of the Audit
Committee, shall establish and maintain a framework for the DoA to executive management and
reserves specified matters for the Board and its committees to decide on.
balance of power policy PDF 2.0MB
Board appointments are made by way of a formal, fair and transparent process that is free of bias
and discrimination. The Board strives for diversity of gender, race, skills and experience.
The Board continuously reviews the diversity of its members and likely succession requirements.
Reunert fosters a mix of skills and backgrounds on the Board to provide challenge and different
perspectives in the interest of Reunert.
The Board’s appointment policy was updated during the year to reflect its minimum objective of
25% female representation.
BOard Appointments policy PDF 62KB
Induction of new directors
Reunert follows a formal induction process for new directors. Induction is not a once-off process
and continued support, information and advice is available to the directors. A programme of site visits
is arranged for new directors, to familiarise them with the various operations.
Induction of new directors policy PDF 62KB
and reimbursement of
expenses for non-executive
This policy regulates various aspects of the remuneration of directors and the extent to which they
are entitled to reimbursement for expenses incurred. The policy includes provisions on the services
that directors are expected to provide to Reunert in exchange for the stipulated directors’ fees,
which extends beyond the preparation for and participation in meetings. The policy sets out
the circumstances in which the Remuneration Committee will consider the payment of additional
remuneration to directors, subject to shareholder approval, where required.
Remuneration principles policy PDF 317KB
Remuneration report 2017
Reunert’s remuneration policy details the principles that
govern the group’s remuneration practices. The policy ensures
that remuneration incentivises performance, is market
competitive, and is driven by sound governance principles.
Remuneration Report PDF 107KB