113 | Corporate governance report PPS Integrated Report 2021 The GNC considers the suitability of trustees nominated by professional associations at the invitation of the PPS Holdings Trust Board, for appointment to the PPS Holdings Trust Board and makes recommendations in this regard for consideration by the PPS Holdings Trust Board. The PPS Holdings Trust Board is responsible for ensuring that an effective system for succession planning and development is in place, covering trustees and directors. It has delegated this task to the GNC. In considering an appointment, the GNC assesses and defines the characteristics, qualities, skills and experience it believes would complement the overall balance and composition of the PPS Holdings Trust Board, subsidiary boards and board committees, ensuring compliance with Fit and Proper requirements. The GNC may appoint external consultants to assist it in the identification and recruitment of an individual who satisfies the GNC’s criteria. Where the GNC is considering matters relating to an individual who is a member of the GNC, such individual is recused from the discussion of that item. The GNC is satisfied that non-executive trustees and directors demonstrate the commitment required to properly discharge their responsibilities. The PPS Group directors and trustees have continued to update their skills and knowledge, both within the PPS Group and externally. The GNC has been mandated to perform, and is responsible for, the evaluation of the boards and board members, including ethics, performance and compliance with the enhanced requirements regarding independence and being Fit and Proper for serving on an insurance company board in terms of regulation. The GNC meetings held during the year and the attendance thereat were as follows: Group Nominations Committee 10 Mar 2021 11 May 2021 14 Sep 2021 Dr S N E Seoka (Chairman) P P P Mr C Erasmus (Deputy Chairman) P P P Dr C M Krüger P P P Mr V P Rimbault P P P Mr S Trikamjee P P P GROUP SOCIAL AND ETHICS COMMITTEE (GSEC) Particulars of the composition, role and responsibilities of the GSEC and attendance at meetings are set out in the GSEC’s Report included in this Integrated Report. GROUP EXECUTIVE COMMITTEE (GROUP EXCO) MEMBERS Mr I J Smit (Chairman) (Group Chief Executive Officer) Mr Q J Augustine (Group Executive: Member Value Proposition) Mr V E Barnard (Group Company Secretary) Mrs S Bassudev (Chief Executive: PPS Healthcare Administrators) Mr N J Battersby (Group Chief Operating Officer and Chief Executive: PPS Investments) Mrs T Boesch (Group Chief Financial Officer) Mr W Bosman (Chief Executive: PPS Short-Term Insurance) Mr L du Plessis (Group Executive: Legal and Compliance) (Appointed 1 July 2021) Ms K Govender (Group Executive: Life Operations) Mr J P Loubser (Group Chief Information Officer) Ms M D Molefe (Group Executive: Human Resources) Mr M M Mtshali (Group Executive: Advisory Services and Enablement) Mr W J Mouton (Group Executive: External Distribution) Mr B Thomas (Group Executive: Actuarial Services) Mrs A N Seboni (Group Executive: Group Marketing and Communication) COMPOSITION AND MEETING PROCEDURES Group Exco is chaired by the Group Chief Executive Officer and has regular input from executives in Operations, Internal and External Distribution, Finance, Actuarial, Information Technology, Human Resources, Compliance, Governance, Marketing, Business Change and Strategic Development, Member Value Proposition, the Group Company Secretary, the subsidiary businesses of PPS Investments, PPS Short-Term Insurance, PPS Healthcare Administrators and Financial Solutions 4 Professionals, as well as the associate PPS Mutual Australia. Group Exco meetings are held at least monthly and additional meetings are scheduled as required. Group Exco is responsible for the implementation of day-to-day strategy and the operations of the PPS Group, within the parameters defined by the PPS Group boards. Group Exco is supported by a number of management committees throughout the PPS Group.
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