Page 35 - Stanbic Bank IR 2024

STANBIC BANK BOTSWANA LIMITED | Integrated Report 2024 33

NON-EXECUTIVE DIRECTORS (INDEPENDENT) EXECUTIVE DIRECTOR

Dr Agnes Tsholofelo Realeboga Phoi 41
Khunwana CHIEF FINANCE AND VALUE
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MANAGEMENT OFFICER
NATIONALITY
Motswana NATIONALITY
Motswana
APPOINTED 2024
APPOINTED 2024

QUALIFICATIONS QUALIFICATIONS
Doctor Of Business Administration (Business School Association Of Chartered Certified Accountants (ACCA) •
Netherlands) • Master Of Science in Strategic Fellow Member of Association of Chartered Certified
Management (University of Derby) • Bachelor Of Accountants (FCCA) • Fellow Member of Botswana
Commerce (University of Botswana) • Fellow - Chartered Institute of Chartered Accounts (FCPA) • Association of
Institute of Global Management Accountants (FCMA - UK) Accounting Technicians (AAT)
• Certificate In ESG • Aviation Leadership Development
Program (IATA/Harvard) KEY SKILLS
Banking and Insurance • Strategic Financial Management
KEY SKILLS • Audit and Assurance
Finance and Accounting • Audit • Business Strategy
COMMITTEE MEMBERSHIP
COMMITTEE MEMBERSHIP None
Board Audit Committee
BOARD ATTENDANCE
BOARD ATTENDANCE 4/4
3/4

Board Remuneration
Lungisa Fuzile The Board is remunerated in accordance with the governance
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framework, which sets the minimum standards for governance
NATIONALITY practices across Standard Bank Group (SBG) entities. In line with
South African principles of the framework, it is the responsibility of the
shareholders to ensure that directors' remuneration is reviewed
APPOINTED 2022 on an annual basis and benchmarked against local peers. To
achieve this, the office of the Secretariat conducts an annual
benchmarking exercise, focusing on competitor financial
institutions and other non-bank financial institutions, to evaluate
board fees and other forms of remuneration. Based on this
exercise, a recommendation on appropriate fees is made to the
QUALIFICATIONS Board and ultimately presented to shareholders for approval at
Advanced Management Programme from Harvard the Annual General Meeting (AGM). This process ensures that
Business School • Master of Commerce in Economics the Bank’s remuneration practices remain competitive,
(University of Kwazulu-Natal) • Bachelor of Commerce sustainable, and aligned with market standards, while also
Economics (Honours) (University of KwaZulu-Natal) adhering to the principles of transparency, accountability, and
stakeholder inclusivity as outlined in King IV.
KEY SKILLS
Banking Financial Regulation • Financial Assets and The proposed board fees for the financial year 2024 have been
Liability Management • Regulatory and Fiscal Policy
Implementation and Management reviewed and benchmarked against industry peers to ensure they
reflect the responsibilities, time commitment, and expertise
required of directors. The fees are designed to attract and retain
COMMITTEE MEMBERSHIP high-calibre individuals who can provide effective oversight and
Board Risk Management Committee • Board
Remunerations Committee strategic guidance, contributing to the Bank’s long-term success
and sustainability.
BOARD ATTENDANCE
7/9 The remuneration received by the Directors is presented at note
22.10 as required by King IV Code.