Board of Directors
The RBIDZ Board of Directors is made up of board members including the Chairman. All the Directors, with the exception of the RBIDZ CEO and CFO, are non-executive directors. The Directors are appointed by the DEDTEA MEC.
The Board is supported by the following Committees:
Audit and Risk Management;
Infrastructure and Investment;
Remuneration and HR; and
Social and Ethics.
Statement of Responsibilities
The Board of Directors of the Richards Bay Industrial Development Zone Company (SOC) Ltd supports and is wholly devoted to complying with the recommendations in the King III Report on Corporate Governance. The Board will do its utmost to enhance existing good governance instruments and establish those that will advance credible management of the institution. The statement of responsibility is anchored in good governance to ensure that the RBIDZ, as a public institution, conducts its affairs and manages public resources in a manner that guarantees a return on its investments. Corporate governance is built on fundamental principles of fairness, accountability, responsibility and transparency. The RBIDZ Board of Directors is relentlessly determined to develop and improve its corporate governance practices to ensure that they are in accordance with national and international best practice.