The York Timber Holdings Limited 2015 Share Plan [400kb]

CompositionObjectives and functions

Remuneration Committee


Chairman: Dr Azar Jammine

Other committee members:
Dr Jim Myers
Shakeel Meer

Nomination Committee


Chairman: Dr Jim Myers

Other committee members:
Dr Azar Jammine
Shakeel Meer

The CEO and Chief Human Capital Officer attend by invitation.

The Company Secretary acts as the Committee Secretary.

The Board is satisfied that the committee has performed its responsibilities in compliance with its terms of reference for the period under review.

  • Oversee the setting and administration of remuneration at all levels in the Company

  • Oversee the establishment of a remuneration policy that will promote the achievement of strategic objectives and encourage individual performance

  • Advise on the remuneration of non-executive directors

  • Oversee the establishment of a remuneration policy that will promote the achievement of strategic objectives and encourage individual performance

  • Oversee the preparation of, and recommend to the Board, the remuneration report to be included in the integrated annual report, for whether it:
    – is accurate, complete and transparent;
    – provides a clear explanation of how the remuneration policy has been implemented; and
    – provides sufficient forward-looking information for the shareholders to pass a special resolution in terms of section 66(9) of the Companies Act

  • Ensure the establishment of a formal process for the appointment of directors, including:
    – identification of suitable individuals for appointment to the Board;
    – performance of reference and background checks on candidates prior to nomination; and
    – formalising the appointment of directors through an agreement between the Company and the director

  • Ensure that formal succession plans for the Board, CEO and senior management appointments are developed and implemented