Sail Group Limited - Changes To Board Of Directors
Sail Group Limited - Changes To Board Of Directors
Release Date: 24/03/2003 17:17:01 Code(s): SIR
SAIL GROUP LIMITED - CHANGES TO BOARD OF DIRECTORS
SAIL GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1941/014601/06)
Share code: SIR ISIN code: ZAE000039962
("SAIL" or "the Company")
Changes to board of directors
In order to comply with the recommendations contained in the King II report on
Corporate Governance, the directors of SAIL have decided to restructure the
composition of its Board to ensure that the non-executive members of the Board
form the majority of the Board.
In view of this, Messrs NF van Gass and J Kotze have resigned as directors with
immediate effect. Mr SA de Villiers has been appointed to the Board, with
immediate effect, as part of the management restructure referred to in the
trading update released on SENS on 7 March 2003.
Cape Town
24 March 2003
Sponsor: Nedbank Corporate
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