2022 AVBOB Integrated Annual Report - FINANCIALS

CHAPTER 4 | LEADERSHIP AND GOVERNANCE 32 INTEGRATED ANNUAL REPORT 2022 The annual performance assessment revealed that the Board functioned effectively. LEADERSHIP AND GOVERNANCE CHAPTER HIGHLIGHTS 4 As at 30 June 2022 the Board consisted of 13 members of which six are black and four are female. The Board’s delegation to its committees promotes independent judgement , provides an appropriate balance of power , and the effective discharge of its duties. No director had a material interest in any contract or transaction with the Group that could have affected the integrity of the Board’s decisions. The Board and its six sub-committees adequately discharged their duties and responsibilities in terms of their charters and the relevant legislation. The Compliance Department confirmed that it continues to enjoy full support from the Board, executive and management.