Glenrand MIB appoints Nigel Payne as Independent N
GMB
GMB
Glenrand MIB appoints Nigel Payne as Independent Non-executive Director
Glenrand M I B Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/008001/06)
Share Code: GMB & ISIN: ZAE000078010
("Glenrand M I B" or "the company")
Glenrand MIB appoints Nigel Payne as Independent Non-executive Director
The Board of Glenrand MIB is pleased to announce the appointment of Nigel
Payne as independent non-executive director of Glenrand with effect from 6
December 2006.
Nigel Payne is an independent corporate governance and risk management
advisor.
He currently holds various non-executive directorships, and sits on audit and
risk management committees in the public and private sectors. These include
Bidvest Limited, JSE Limited, Development Bank of Southern Africa and STRATE
Limited amongst others. Nigel is also a member of the King Committee on
Corporate Governance and was the Chairman of the King Committee task groups
on Risk Management, Internal Control and Internal Audit.
Nigel will enhance the Glenrand MIB board by assessing and improving
Corporate governance procedures and board, committee and governance
structures. He has vast experience in this field having completed more than
40 board appraisals across a wide variety of companies.
Dudu Kunene, chairman of Glenrand MIB remarks:
"We are delighted to welcome Nigel and are confident he will make a
substantial contribution to the board in the areas of Corporate Governance
and board effectiveness."
7 December 2006
Enquiries:
Glenrand MIB 011 329 1111
Dudu Kunene 082 881 2660
Ian Logan 083 377 2905
College Hill 011 447 3030
Michelle Ackermann 082 784 1814
Date: 07/12/2006 11:18:42 AM Produced by the JSE SENS Department
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