Page 25 - Stellar IAR2015

There was no other material interest in any signi cant contract, other than his/her contract of employment or letter of appointment, with the Company or any of its subsidiaries during the year. Refer to the Report of the Board of Directors on page 40 and notes 27 and 28 of the annual nancial statements, on pages 85 and 86.DIRECTORS’ SERVICE CONTRACTSExecutive directors are appointed in terms of written letters of appointment, which endure until retirement and are subject to termination with up to one months’ notice. The terms of employment are not subject to any restraint of trade undertaking.The contractual relationship between the Company and its executive directors is controlled through the Remuneration Committee.CONFLICTS OF INTERESTSAll Board members are required to report any con icts of interest that may arise in the course of their duties. No members of the Board have actual or potential political connections or exposure.STELLAR CAPITAL PARTNERS | 21