governance

Board of directors

Executive Directors

Stuart Bird

Stuart Bird

Chief Executive Officer

Mark Blair

Mark Blair

Chief Financial Officer

Steve Ellis

Steve Ellis

Alternate Director

  • CA(SA)
  • Year employed - 1994
  • CA(SA)
  • Year employed - 2006
  • Alternate to Mark Blair
  • Group Supply Chain Director
  • CA(SA)
  • Year employed - 1992


Non Executive Directors

Stewart Cohen

Stewart Cohen

Honorary Chairman

Nigel Payne

Nigel Payne

Chairman

Bobby Johnston

Bobby Johnston

Lead Independent Director

  • BCom LLB MBA
  • Year employed - 1986
  • Other directorships include:
  • Catregav Holdings (Pty) Limited,
  • Kovacs Investments (Pty) Limited Holdings (Pty) Limited,
  • Holdspec investments (Pty) Limited
  • CA(SA) MBL
  • Board directorship since 2007
  • Other directorships include:
  • JSE Limited,
  • The Bidvest Group Limited,
  • Bidvest Bank Limited,
  • BSi Steel Limited,
  • Vukile Property Fund Limited,
  • Strate Limited,
  • PPS Insurance Company Limited
  • CA(SA)
  • Board directorship since 1994
  • Other directorships include:
  • Eljay Financial Services (Pty) Limited

Mark Bowman

Mark Bowman

Director

Keith Getz

Keith Getz

Director

Maud Montanyane

Maud Motanyane

Director

Daisy Naidoo

Daisy Naidoo

Director

  • BCom (Finance) MBA
  • Board directorship since 2017
  • Former MD of SABMiller Africa
  • Other directorships include
  • Tiger Brands Limited
  • Dis-Chem Pharmacies Limited
  • BProc LLM
  • Board directorship since 2005
  • Partner of Bernadt Vukic Potash & Getz
  • Other directorships include:
  • BVPG Consulting (Pty) Ltd,
  • Steak Ranches International BV,
  • Spur Corporation Limited,
  • Spur International Ltd,
  • Spur Corporation UK Limited,
  • Cape Union Mart Group (Pty) Ltd
  • Strate Limited
  • Dip Library Science, Fellow of the World
  • Press Institute
  • Board directorship since 2008
  • Member of the Institute of Directors
  • Founding Editor of Tribute Magazine and Jikelele Media Group
  • Other directorships include:
  • Kagiso Media,
  • Jet Education Trust.
  • CA(SA) MCom (Tax)
  • Board directorship since 2012
  • Other directorships include:
  • Strate Limited,
  • Hudaco Industries Limited,
  • OMNIA Holdings Limited,
  • Marriott Unit Trust Management Company Limited,
  • Old Mutual Unit Trust managers Limited,
  • Anglo Platinum Limited,
  • Old Mutual Alternative Risk Transfer Limited.

Myles Ruck

Myles Ruck

Director

John Swain

John Swain

Director

Neill Abrams

Neill Abrams

Alternate Director

  • BBusSc, PMD (Harvard)
  • Board directorship since 2007
  • Former CEO of Liberty Group Limited
  • Other directorships include:
  • Standard Bank Group Limited,
  • The Standard Bank of South Africa Limited,
  • ICBC Argentinia.
  • CA(SA)
  • Board directorship since 1994
  • Former partner of Ernst & Young
  • Director, Administrator and Trustee of numerous private companies, charitable and family trusts
  • Alternate to Stewart Cohen
  • BA, LLB (Wits)
  • LLM (Cambridge)
  • Alternate director since 26 August 2010
  • Other directorships include:
  • Ocado Group PLC,
  • Marie Claire Beauty Limited

Board committees


Renumeration and Nominations


The Committee oversees the remuneration of Directors and Divisional executives and ensures that the Board has the appropriate composition to enable it to execute its duties effectively.

  • Myles Ruck - Chairman
  • Keith Getz
  • Nigel Payne
  • Bobby Johnston
  • John Swain

Audit and Compliance


The Committee assists the Board in discharging its statutory responsibilities in respect of financial reporting and risk management, governance, compliance and control management.

  • Daisy Naidoo - Chairman
  • Bobby Johnston
  • Myles Ruck
  • John Swain

Social, Ethics, Transformation and Sustainability


The Committee is responsible for assisting the Board with the monitoring and reporting of social, ethical, transformational and sustainability practices that are consistent with good corporate citizenship and assisting the Group in discharging its business responsibilities in relation thereto.

  • Keith Getz - Chairman
  • Maud Motanyane
  • Stuart Bird
  • Daisy Naidoo

Divisional heads - Trading divisions

  • Nicci Lyne Managing Director mrp
    Nicci Lyne
    Managing Director
  • Arn de Haas Managing Director mrphome
    Arn de Haas
    Managing Director
  • Clint Larson Managing Director mrpsport
    Clint Larson
    Managing Director
  • Rex Samuelson Managing Director mrp
    Rex Samuelson
    Managing Director
  • Roger Maingard Managing Director mrp
    Roger Maingard
    Managing Director
  • Sally-Anne Jackson Managing Director mrp
    Sally-Anne Jackson
    Managing Director

Divisional heads - Support services

  • Verna Botha-Richards Corporate Services & Sustainability
    Verna Botha-Richards
    Corporate Services & Sustainability
  • Janis Cheadle
    Janis Cheadle
    Company Secretary and Governance
  • Antony Hlungwane Group IT
    Antony Hlungwane
    Group IT
  • Sherene Moodley Governance & Assurance
    Sherene Moodley
    Internal Audit
  • Russell van Rensburg Group People
    Russell van Rensburg
    Group People
  • Werner Pelser
    Werner Pelser
    Group Logistics
Quote Stewart Cohen


Commitment statement


Governance is about effective and ethical leadership, the outcomes of which are sustained value creation, success and longevity. The Board subscribes to ethical leadership, business sustainability, stakeholder inclusivity and sound values of good corporate governance.

The governance environment is supported by the King Code of Governance for South Africa 2009 (King III) principles and practices and the JSE Listings Requirements. The Board recognises that compliance with this combination of voluntary and compulsory guides creates a solid governance foundation. It details the ethical standard of conduct required of Directors and executive management in the discharge of their fiduciary and governance duties and ensures the Group remains a sustainable corporate citizen.



Renumeration philosophy


The Mr Price Group associates are its most vital resource. Each associate is valued for his/her role in representing the company culture, contributing to the brand’s success and preserving its entrepreneurial management style.

By providing associates the room to grow and prove themselves, we enable ordinary people to achieve extraordinary things. Key to the Group’s future growth and sustainability is the ability to attract, retain and motivate competent people.

 
Quote Nigel Payne


Risk management


The Board is committed to business sustainability and to creating and preserving stakeholder value. It recognises that the governance of strategy, risks/opportunities and performance are critical success factors and therefore exercises active oversight over these processes, in order to ensure that the achievement of its strategic objectives is enabled. Instead of a separate Risk Committee, the Board as a whole considers risk at each of its meetings. The incorporation of the risk agenda into that of the main board allows for a more robust consideration of strategy and associated risk opportunities.

The Board recognises that an entrepreneurial spirit and the taking of considered risks and opportunities remain critical for the Groups’ continued success and longevity. A well-defined risk and opportunity management process and risk appetite policy are therefore considered core instruments for aligning overall corporate strategy, capital allocation, risk, opportunities and performance; and are considered to be key business disciplines that provide the context for strategy setting, guide entrepreneurial behaviour, balance risk and reward and ultimately enable the achievement or acceleration of the Group’s goals.

Charters and mandates


The Board Charter defines the Board’s composition, role and responsibilities, board leadership, delegation, general conduct of the Board, meeting procedures, evaluation and other related matters. 

Each supporting Committee of the Board and within the organization has a mandate which defines the manner in which the committees are governed.

The Board Charter and all committee mandates are reviewed annually by the Board at the Special Corporate Governance meeting.

Code of conduct


Directors and associates are required to maintain the highest ethical standards. A code of conduct has been issued to every associate of the Company and its subsidiaries and its provisions are annually reinforced under the guidance of a senior officer.
 
During the year all senior associates of the Group were required to submit a declaration testifying to their compliance with various aspects of the code. The Board believes that ethical standards embodied in the code are effectively observed within the business. A further code, setting standards and practices to which the Group expects its suppliers to adhere to, is distributed to new suppliers.

B-BBEE Certificate


 

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