2020 INTEGRATED REPORT

In accordance with the provisions of the Trust Deed, PPS Holdings Trust trustees who are representatives of professional associations and trustees who are co- opted to the board are also appointed for a three-year term, after which they are required to retire, but may be nominated by the professional associations, or be co-opted, subject to the Nominations Committee’s recommendation, for re-appointment by the PPS Holdings Trust Board. INTERESTS IN CONTRACTS AND CONFLICTS OF INTEREST PPS Group trustees and directors are required to avoid conflicts of interest, where possible, and where it cannot be avoided, to inform the respective board/s on which they serve timeously of any conflicts or potential conflicts of interest that they may have in PROFESSIONAL INDEMNITY INSURANCE Adequate Directors’ and Officers’ liability insurance and indemnity cover has been effected by the PPS Group in respect of all its trustees, directors and officers. No claims under the relevant policies were lodged during the year under review. TRUSTEES OF THE PROFESSIONAL PROVIDENT SOCIETY HOLDINGS TRUST Trustee Age* Qualification Classification Term of Office Dr S N E Seoka (Chairman) Independent Non-executive 65 B Pharm, PhD Co-opted for a three-year term Appointed 15 August 2005 Ends AGM 2023 Dr C M Krüger (Deputy Chairman) Independent Non-executive 55 MB ChB, M Prax Med, M Pharm Med Elected for a three-year term Appointed 21 June 2004 Ends AGM 2021 Dr A Coetzee Independent Non-executive 61 B Med Sc, MB ChB, CAHM, ABCD Nominated for a three-year term (6) Appointed 1 March 2019 Ends AGM 2022 Ms D L T Dondur Independent Non-executive 54 B Acc (Hons), B Compt, CA(SA), MBA, CD(SA) Nominated for a three-year term (1) Appointed 6 July 2011 Ends AGM 2023 Mr J A B Downie Independent Non-executive 62 B Sc, MBA, CFP Co-opted for a three year term Appointed 15 April 2010 Ends AGM 2023 Dr D P du Plessis Independent Non-executive 66 B Sc, MBA, DBA, CD(SA) Elected for a three-year term Appointed 3 June 2013 Ends AGM 2022 Mr C Erasmus Independent Non-executive 69 B Sc, FIA, FASSA Appointed ex officio Appointed 1 June 2015 Ends N/A Dr N H P Khosa Independent Non-executive 39 MB ChB, MBA Elected for a three-year term Appointed 19 June 2018 Ends June 2021 Mr I Kotzé Independent Non-executive 64 B Pharm Nominated for a three-year term (2) Appointed 27 August 2001 Ends AGM 2023 relation to particular items of business and they are obliged to recuse themselves from discussions or decisions in relation to such matters. Trustees and directors are also required to disclose their interests in, and directorships of, other companies/entities in accordance with statutory requirements and to inform the boards when any changes occur. During the year ended 31 December 2020, none of the directors/trustees had disclosed any interest in contracts or arrangements entered into by the PPS Group. The Chief Executive is required to disclose any appointments to non-PPS Group boards. Directors and trustees are required to submit and maintain written declarations of interests, which are presented to the respective boards at each board meeting and board members are required to acknowledge in writing that they have read the written disclosures submitted. CORPORATE GOVERNANCE REPORT | 91