Minutes of the Board Meeting Held on Friday 08 July 2016 at 10:35 MUT

Present:

Mr Alan Barrett (AB) Chief Executive Officer
Mr Sunday Folayan (SF) Chairman Western Africa
Mr Haitham El Nakhal (HN) Vice-Chair Northern Africa
Mr Abibu Ntahigiye (AN) Member Eastern Africa
Mr Christian Bope (CB) Member Central Africa
Mr Lucky Masilela (LM) Member Southern Africa
Mr Andrew Alston (AA) Member Non Geographical
Mr Seun Ojedeji (SO) Member Non Geographical

 

Apologies:

Mr Krishna Seeburn (KS) Member Indian Ocean
Represented by proxy granted to AA

 

Agenda:

1.0 Welcome Address and Agenda Review
2.0 Approval of Minutes
3.0 Resolution to appoint Committees
4.0 Resolution to approve Delegation of Authority
5.0 Resolution to release Strategy Document
6.0 Adjournment

 


BUSINESS OF THE DAY

1.0 Welcome Address and Agenda Review

The Chair, SF, welcomed Members present and opened the meeting at 10:35 MUT.

 

2.0 Approval of Minutes

Minutes of the previous meeting will be considered at the next Board meeting.

 

3.0 Resolution to appoint committees

SF presented a table of Committee Membership as discussed informally during the Board Retreat.

 

Resolution 201607.290
WHEREAS there is a need to reconstitute the Board Standing Committees;
RESOLVED to reconstitute the Finance Committee with KS, HN, CB, AB as members, and with the Chair of the Audit Committee as an observer;
RESOLVED to reconstitute the Remuneration Committee with LM, SF, and AB as members;
RESOLVED to reconstitute the Audit Committee with AA, SO, AN as members, and the Chair of the Finance Committee as a full member.


Proposed HN. Seconded AA. Resolution passed unanimously.

 

Resolution 201607.291
WHEREAS there is a need to reconstitute Board ad-hoc Committees;
RESOLVED to reconstitute the MOU Review Committee with CB, AA, AB as members;
RESOLVED to reconstitute the Company Secretary Review Committee with KS, AB as members;
RESOLVED to reconstitute the COO Recruitment Committee with LM, SO, SF, AB as members;
RESOLVED to reconstitute the Associate Membership Criteria Committee with AN, AB, HN as members.


Proposed HN. Seconded CB. Resolution passed unanimously with KS (represented by proxy) abstaining.

 

4.0 Resolution to approve Delegation of Authority

LM presented the draft delegation of authority document that had been discussed during the Board Retreat. A few changes were discussed and agreed.

 

Resolution 201607.292
WHEREAS there is a need to clarify which actions require approval by the Board, the CEO, or other roles;
WHEREAS a delegation of authority document has been drafted to address this need;
RESOLVED to approve the delegation of authority document dated 8 July 2016;
RESOLVED that the document will be internal.


Proposed LM, seconded AN. Passed unanimously.

 

5.0 Resolution to release Strategy Document

SF presented the strategy document as discussed during the Board Retreat. A few changes were discussed and agreed.

 

Resolution 201607.293
WHEREAS the Board has prepared a Strategy Document for the years 2016 to 2020;
RESOLVED to publish the Strategy Document.


Proposed SF. Seconded SO. Resolution passed unanimously.

 

6.0 Adjournment

Meeting ended at 12:12 MUT

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