Executive committee

Role and function of the Exco

The Exco, under the CEO’s leadership, is responsible for the execution of the Board-approved strategy and the day-to-day running of the business, and is accountable to the Board in this regard.

This committee, which meets six times a year, is responsible for the Group’s operational activities, developing strategy and policy proposals for consideration by the Board and implementing the Board’s directives. The committee has a properly constituted mandate and terms of reference. Other responsibilities include:

  • leading the executive, management and staff of the Group;
  • developing the annual budget and business plans for approval by the Board;
  • developing, implementing and monitoring policies and procedures, internal controls, governance, risk management, ethics and authority levels;
  • monitoring and enforcing good corporate governance practices and the application of the Code of Ethics, as defined and adopted by the Board;
  • guiding and controlling the overall direction and control of Mpact, and acts as a medium of communication between business units, subsidiaries and the Board;
  • ensuring appropriate coordination between Mpact, its subsidiaries and the various business units; and
  • ensuring the adequacy of the Group’s reporting arrangements.

The Exco has specific key performance areas and targets which are set in line with the approved strategy and monitored by the Board with the assistance of the Remuneration and Nomination Committee.

Mpact has a solid management team, each with years of experience and in-depth understanding of the packaging industry necessary to deliver against the Group Strategy.

During the year under review, Mohlomi Mothobi, previously a member of the executive management team, resigned as a director and employee of Mpact Operations, to establish Dalisu together with Mpact. Dalisu aligns with Mpact’s beneficiation strategy. Refer to the CEO’s Report on page 25 for more information on Dalisu.