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JOHANNESBURG - Valterra Platinum Limited (JSE:VAL)(LSE:VALT), formerly Anglo American Platinum Limited, announced several changes to its board committee structure on Friday as part of efforts to optimize corporate governance.
The company has appointed Fagmeedah Petersen-Cook and Deborah Gudgeon to its Audit and Risk Committee, while Suresh Kana continues as chairperson alongside existing members Lwazi Bam and Thevendrie Brewer.
In a significant restructuring move, Valterra has merged its Governance Committee with the Social, Ethics and Transformation Committees to form the Social, Ethics and Governance Committee. Norman Mbazima has stepped down from this committee, while Suresh Kana, Thoko Mokgosi-Mwantembe, Deborah Gudgeon, Steve Phiri, and Dorian Emmett have joined as new members. Lwazi Bam remains chairperson.
The Remuneration Committee has been renamed the People and Remuneration Committee with an expanded mandate covering employment, diversity, empowerment, employee development, and organized labor matters. Thoko Mokgosi-Mwantembe and Deborah Gudgeon have been appointed to this committee, which continues to be chaired by Thevendrie Brewer.
Additionally, the Safety and Sustainable Development Committee has been rebranded as the Sustainability Committee, with Hennie Faul and Fagmeedah Petersen-Cook joining as new members under the continued chairmanship of Dorian Emmett.
Thevendrie Brewer has also been appointed to the Nomination Committee, which Norman Mbazima continues to chair.
According to the company’s statement, all appointments to statutory committees require shareholder confirmation at the next annual general meeting.
The board believes the new committee membership structure ensures appropriately qualified and experienced directors serve on each committee, according to the press release statement.
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