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Changes to the board and committees
Alviva Holdings Limited
(Formerly Pinnacle Holdings Limited)
(Incorporated in the Republic of South Africa)
Registration number 1986/000334/06
Share Code: AVV
ISIN: ZAE000227484
(“Alviva” or “The Company”)
CHANGES TO THE BOARD AND COMMITTEES
Following the AGM held on 23 November 2017, Mr Bheki Sibiya, the Lead Independent Director, opted
not to stand for re-election as a director, leaving a vacancy on the Board. The Board is pleased to
advise the appointment of Ms Parmesvari Natesan (38) as an independent non-executive director and
Lead Independent Director with immediate effect. In addition, Ms Natesan will serve as a member of
the Audit and Risk Committee and the Social and Ethics Committee.
Ms Natesan holds the following qualifications - B Com (Cum Laude), B Com (Honours) Nelson Mandela
Metropolitan University; Chartered Accountant (SA). She completed her articles in 2005 and then held
the positions of Audit Manager and Senior Technical Manager. She joined the Institute of Directors in
Southern Africa (“IoDSA”) in 2010 as Senior Governance Specialist and has served as an Executive
Director of IoDSA since September 2014. Her current role of Executive Director: Centre for Corporate
Governance at the IoDSA involves strategic direction and oversight over the Centre for Corporate
Governance, the IoDSA’s technical division, as well as Director Development, the IoDSA’s training
division. She serves on various committees and holds various memberships including: Member of the
South African Institute of Chartered Accountants, member of the King Committee on Corporate
Governance, member of the King IV Task Team and Institute of Directors Southern Africa and Institute
of Directors UK. She served as a member of the IoDSA’s Social and Ethics Committee and currently
serves as a member of the IoDSA’s Investment Committee. She also serves as a member of the
Nomination Committee of the South African Institute of Professional Accountants and is Independent
Non-executive Trustee of the Professional Provident Society Holdings Trust.
COMPOSITION OF BOARD AND COMMITTEES
Following the appointment of Ms Natesan the Board and Committees of the Board are composed as
follows:
The Board
The Board will comprise of six directors, two executive directors and four non-executive directors. The
executive directors are the Chief Executive Officer and the Chief Financial Officer. The majority of the
non-executive directors are independent. The Chairperson, who is a non-executive director, is not
considered to be independent and thus a Lead Independent Director is appointed.
Audit and Risk Committee
Ms M Medupe – Chairperson – BAcc Post Graduate Diploma in Accountancy, CA (SA)
Ms SH Chaba – Member – BA (Economics and Industrial Psychology); Post Graduate Diploma in Human
Resources Management, Senior Executive Programme (Wits and Harvard Business Schools)
Ms P Natesan – Member – B Com (Cum Laude), B Com (Honours), CA (SA)
Following the vacancy left by Mr Sibiya, Ms Natesan is appointed as a member of the Committee.
Remuneration Committee
Ms SH Chaba – Chairperson
Ms N Medupe - Member
Mr A Tugendhaft – Member
Following a request from Ms Medupe to stand down as Chairperson of the Committee but to continue
as a member Ms Chaba is appointed Chairperson of the Committee.
Social and Ethics Committee
Ms SH Chaba - Chairperson
Ms P Natesan - Member
Mr R Nkuna - Member
Following the vacancy left by Mr Sibiya, Ms Natesan is appointed as a member of the Committee.
Midrand
6 December 2017
SPONSOR:
Deloitte & Touche Sponsor Services (Pty) Ltd
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