| On
2024-02-13 7:49 AM

Change in Director Responsibilities at Alexander Forbes Group Holdings Limited

  • Mr. Robert Michael Head appointed as Chair of OUTvest Nominees, aligning with JSE regulations, effective from February 12, 2024.
  • Alexander Forbes ensures compliance with governance standards by appointing Mr. Head to new directorship responsibilities.
  • Carina Wessels, the Executive, confirms the appointment, highlighting the company's commitment to regulatory transparency.
By Lethabo Ntsoane

In a recent development, Alexander Forbes Group Holdings Limited, a prominent financial services company in South Africa, has announced a significant change in director responsibilities.

Appointment at OUTvest Nominees (RF) Proprietary Limited

According to a voluntary announcement released on the Stock Exchange News Service, Mr. Robert Michael Head, an independent non-executive director of Alexander Forbes, has been appointed to a new role. Effective from February 12, 2024, Mr. Head will serve as an independent non-executive director and chair on the board of directors of OUTvest Nominees (RF) Proprietary Limited.

Compliance with JSE Listings Requirements

The appointment of Mr. Head aligns with the regulations outlined in paragraph 3.59 of the JSE Limited Listings Requirements, ensuring transparency and adherence to governance standards. This move reflects the commitment of Alexander Forbes Group Holdings Limited to uphold regulatory compliance and governance principles.

Details of the Appointment

Here are the details of Mr. Head’s appointment at OUTvest Nominees (RF) Proprietary Limited:

Director’s NamePositionEffective Date
Robert Michael HeadIndependent Non-Executive Director and ChairFebruary 12, 2024

Conclusion

The appointment of Mr. Robert Michael Head to the board of directors of OUTvest Nominees (RF) Proprietary Limited marks a significant development in directorship responsibilities within Alexander Forbes Group Holdings Limited. This move underscores the company’s commitment to compliance with regulatory requirements and further strengthens its corporate governance framework.

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Lethabo Ntsoane

Lethabo Ntsoane holds a Bachelors Degree in Accounting from the University of South Africa. He is a Financial Product commentator at Rateweb. He is an expect financial product analyst with years of experience in reviewing products and offering commentary. Lethabo majors in financial news, reviews and financial tips. He can be contacted: Email: lethabo@rateweb.co.za Twitter: @NtsoaneLethabo