Adcorp Holdings Limited - Changes to The Board of Directors
Adcorp Holdings Limited
Registration number 1974/001804/06
Further to section 3.67 of the JSE Listings Requirements the following
is disclosed:
Changes to The Board of Directors:
Following the recent recommendations of the King Report on Corporate
Governance, Adcorp Holdings Limited today announced a restructure of its
board in order to comply with the recommendations of the report.
The restructure of the board was necessary in order to substantially
reduce the size of the existing board, to bolster the financial
specialisation within the board, to balance executive and non-executive
directors, to define the role and constitution of sub-committees and to
accommodate the need for sufficient black director representation
Name of Director Directorship Held Nature of Change
VC Baker Executive Resignation (06/09/2002)
HW Barenblatt Executive Resignation (06/09/2002)
FD Burd Executive Resignation (06/09/2002)
FP Jacobsz Non-Executive Resignation (06/09/2002)
M Liphosa Executive Resignation (06/09/2002)
A Rubinstein Non-Executive Resignation (06/09/2002)
RB McGregor Executive Resignation (06/09/2002)
DE Baloyi Non-Executive Resignation (06/09/2002)
RD Marcus Executive Resignation (06/09/2002)
MP Ngwenya Non-Executive Resignation (06/09/2002)
LM Rouillard Executive Resignation (06/09/2002)
SO Shonhiwa Non-Executive Resignation (06/09/2002)
PC Swart Executive Resignation (06/09/2002)
MH Lekota Non- Executive Resignation (06/09/2002)
Name of Director Directorship Held Nature of Change
SO Shonhiwa Non- Executive Re-appointed (09/09/2002)
FD Burd Executive Re-appointed (09/09/2002)
M Liphosa Executive Re-appointed (09/09/2002)
HW Barenblatt Non- Executive Re-appointed (09/09/2002)
RB McGregor Non- Executive Re-appointed (09/09/2002)
VC Baker Non- Executive Re-appointed (09/09/2002)
PC Swart Non- Executive Re-appointed (09/09/2002)
S Sebotsa Non- Executive Appointed (09/09/2002)
Date: 10/09/2002 01:52:00 PM Produced by the JSE SENS Department
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