Board Portfolios and Committees should be appropriately constituted considering the objectives of the Company, the requirements of applicable legislation (such as the Share Block Control Act, National Environmental Management Acts, Companies Act and King IV Code and Report etc) and the KNP, APNR and UPNR Management Plans. Their functions should be formally delegated to them by the Board but without abdicating its own responsibilities. They should all have clear terms of reference, reporting procedures and scopes of authority, all reviewed annually. They all need to interact with and keep the Managing Director (Reserve Manager) in the loop.
