Raubex Group Restructures Board Committees for Enhanced Governance

In a strategic move aimed at bolstering its governance structure, Raubex Group Limited, a prominent player in the South African construction industry, announced significant changes to its Board Committees. The restructuring, effective immediately, reflects the company’s commitment to adherence to regulatory requirements and ensuring smooth succession planning.

Audit Committee HandoverUnder the new arrangement, Mr. Bryan Kent steps down as the Chairman of the Audit Committee, paving the way for Ms. Modi Hlobo to assume the role. Mr. Kent, however, will continue as a member of the committee, ensuring continuity and facilitating the transfer of institutional knowledge. The composition of the Audit Committee will now be as follows:

Transition in the Risk CommitteeSimilar changes are underway in the Risk Committee, with Mr. Bryan Kent stepping down as Chairman and Ms. Modi Hlobo taking over the reins. Additionally, Mr. Jaco Louw has resigned from the committee, while Mr. Sam Odendaal joins as a new member. The revised Risk Committee membership stands as follows:

Remuneration and Nomination Committee ChangesIn the Remuneration and Nomination Committee (Remco), Ms. Setshego Bogatsu steps down as Chairperson to make way for Ms. Nosisa Fubu. Ms. Bogatsu, however, will continue as a member of the committee, ensuring a seamless transition. The newly configured Remco comprises:

Commitment to Governance ExcellenceThe restructuring of the Board Committees underscores Raubex Group’s dedication to governance excellence and regulatory compliance. By facilitating smooth transitions and ensuring a balance of continuity and fresh perspectives, the company aims to strengthen its governance framework to navigate evolving industry dynamics effectively.

Conclusion

With these strategic changes to its Board Committees, Raubex Group Limited reaffirms its commitment to robust governance practices and effective leadership succession. The company remains focused on delivering sustainable growth and value to its stakeholders while maintaining the highest standards of corporate governance.