The directors are committed to conducting the affairs of the Group with integrity, transparency and within the law for the interest of shareholders, employees, investors and other stakeholders.
Board of Directors
The Board of Directors of TA Holdings Limited comprises of five executive and seven non-executive directors with a wide range of expertise as well as significant professional and commercial experience.
The Board is responsible among other things for overall strategy, policies and annual results, acquisitions, disposals, joint ventures, budgets, capital expenditure and appointing certain senior executives. All non-executive directors are subject to retirement by rotation and re-election by shareholders at least once every three (3) years in accordance with the Company’s Articles of Association. The appointment of new directors in between annual general meetings is initially approved by the whole Board, and subsequently confirmed by shareholders at the next annual general meeting.
In order to fully discharge its duties, the Board has consituted standing committees to deal with specific area which are more fully dealt with below.
Audit and Risk Committee
The Audit and Risk Committee consists of three non-executive Directors, namely Messrs F Daniels (chairman), J Vezey and R N Gordon with the Group Chief Executive Officer and the Group Chief Finance Officer attending ex-officio.
The Audit and Risk Committee essentially oversees integrity of the Company's financial reporting and the internal controls and risk management system and process. The Committee reviews and approves all interim reports and the financial statements of the Company. It monitors and approves internal control policies and procedures. The Committee also deliberates on the reports and findings of internal and external auditors The external auditors have unfettered access to the Committee, as well as the entire Board.
Given that the Company is an investment company, this Committee is a key organ of the Company. The Committee currently consists of three non-executive directors, namely Mr R N Gordon, J Vezey and F Daniels,with the Group Chief Executive Officer and the Group Chief Finance Officer attending ex-officio. The Committee is chaired by Mr Gordon.
The Committee reviews and monitors the performance of the Company's investments, its exposure to liabilities, the operational and other risks to which the Company, its business, assets and interests may be exposed to, and reviews policies aimed at managing such risks.
The Committee consists of two non-executive directors Messrs S S Mutasa and R N Gordon.The Group Chief Executive Officer attends ex officio. The Committee is charged with the responsibility for determining the Board’s remuneration policy for executive directors and senior management.
In formulating policy, the Committee has to consider size, complexity and level of activity in order to attract and retain high calibre employees who can enhance the performance of the group.
Remuneration packages of senior executives consist of share options (to enhance long term performance), salaries and benefits.
Directorate (click on name to view profile):
Senior Management - Corporate Office
G Sainsbury - Chief Executive Officer
BP Nyajeka - Chief Finance Officer
S Choto - Head of Group Reporting