Page 36 - Stellar IAR2015

DIRECTORS’ AND PRESCRIBED OFFICERS’ SERVICE CONTRACTSDirectors’ and prescribed o cers’ contracts are all terminable with one month’s notice, and are bound by signed employment contracts. None of the non-executive directors have a contract of employment with the Group, but have all signed letters of appointment which set out the duties and responsibilities expected of them.A third of the directors retire by rotation annually based on longest service. If eligible, available and recommended for re-election by the Nominations Committee, their names are submitted for re-election at the Annual General Meeting. The appointment of new directors during the year is required to be con rmed at the next Annual General Meeting and such new directors are required to retire at such Annual General Meeting, but may o er themselves for re-election.APPROVALThis remuneration report has been approved by the Board of Directors of Stellar Capital. Signed on behalf of the Remuneration CommitteePeter van ZylChairman of the Remuneration Committee32 | STELLAR CAPITAL PARTNERS