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Sibanye-S - board committee changes
The Board has approved changes to its committee structures, effective from the close of the 2026 Annual General Meeting scheduled for 28 May 2026 (the AGM). The Board advises that it will operate five Board committees, namely:
• Audit and Risk Committee (newly combined)
• Remuneration Committee
• Social, Ethics and Sustainability Committee
• Safety and Health Committee
• Nominating and Governance Committee
The Audit Committee and the Risk Committee have been combined into a single Audit and Risk Committee, to enhance integrated oversight of financial, operational and strategic risks.
The Board has further resolved to dissolve the Investment Committee, effective from the close of the AGM.
All committee chairpersons remain unchanged except for the Remuneration Committee, where:
Timothy Cumming will retire from the Board and will not stand for re-election at the AGM; and
Keith Rayner has been appointed as Chair of the Remuneration Committee, effective at the close of the AGM.
Terence Nombembe who is the chairperson of the Audit Committee will chair the combined Audit and Risk Committee.
Update to director retirement policy
The Board has removed the non-executive director age-based retirement limit from its governance framework. All directors will be subject to an annual fit, proper and capability assessments, consistent with good corporate governance and the JSE Listings Requirements.
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