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Company Name and page strapline
Nomination committee
 Mthandazo Peter Moyo |
 Thoko Martha Mokgosi Mwantembe |
Nicholas Jonathan Read |
 Ronald Schellekens |
Members of the Nomination Committee during the year included: MP Moyo (Chairman), TM Mokgosi-Mwantembe, M Lundal, RAW Schellekens.
Morten Lundal stepped down from the committee in March 2011 and was replaced by Nick Read.
The membership of the Nomination Committee does not comply fully with King III, which advocates a majority of independent non-executive directors. Of the non-executive directors on the committee, only half are independent. Peter Moyo, the Chairman of the committee, and Thoko Mokgosi-Mwantembe are independent nonexecutive directors. The Board is satisfied that Vodafone’s representation on this committee is appropriate given the valuable contribution of the Vodafone directors.
The committee’s responsibilities include:
| • | identifying and evaluating suitable candidates for appointment to the Board. The authority to appoint directors remains a Board function; |
| • | identifying and evaluating suitable candidates for the position of Chief Executive Officer and Chief Financial Officer; |
| • | making recommendations on Board composition in terms of skills mix, size and the number of committees required; and |
| • | reviewing and approving executive succession. |
Although the evaluation identified no significant weaknesses, the Board agreed to:
| • | devote more time to develop a common understanding of the internal climate and culture following Vodacom’s alignment with its parent, Vodafone; |
| • | balance the Board’s time between operational oversight and strategy; and |
| • | obtain briefings from management in between meetings. |
In the year, the Nomination Committee met three times with attendance as follows:
Name of director |
13.9.10 |
4.11.10 |
10.3.11 |
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MP Moyo |
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TM Mokgosi-Mwantembe |
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M Lundal |
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RAW Schellekens |
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