31 MARCH 2015ALEXANDER FORBES GROUP HOLDINGS LIMITEDINTEGRATED ANNUAL REPORT

OUR EXECUTIVE COMMITTEE

During the financial year under review, the group Executive Committee met on a regular basis to discuss issues of a group-wide nature and of interest to various business units. Reports were received from the group chief executive and group chief financial officer at each meeting. Matters relating to group risk and compliance, human resources, brand, marketing and communications, IT, strategy, project management and transformation were discussed.

Subsequent to the year ended 31 March 2015, a decision was taken that the group executive team would in future meet on a quarterly basis with a primary focus on reviewing the state of the business. In addition to reports being received from the group chief executive and group chief financial officer, reports are received from the following cluster executive committees (excos):

  1. Institutional cluster exco whose objectives include the achievement of stronger client-centricity and the enhancement of the cluster approach to key business activities.
  2. Retail cluster exco, responsible for driving the retail growth strategy.
  3. Operations cluster exco, which directs a group-wide drive towards a scalable operational platform to improve process efficiency, delivery effectiveness and customer experience through the effective deployment of people, systems and IT.
  4. Shared services cluster exco, which drives the efficiency and effectiveness of business support services.

CHANGES IN MEMBERSHIP

Ms Dlamini resigned from the group as managing director: retail on 31 January 2015.

Mr Price joined the committee in his capacity as group executive: operations, technology and systems, subsequent to year-end, on 1 May 2015.