Page 38 - Stellar IAR2015

BROAD-BASED BLACK ECONOMIC EMPOWERMENTThe Board of Stellar Capital fully endorses the B-BBEE principles and is assisted by the Social and Ethics Committee in ensuring that it continues to prioritize transformation as part of its commitment to good corporate governance. The table below illustrates the present composition of the Board:Stellar Capital monitors the B-BEE status of its major investees and is pleased to report that during the latest reported respective nancial years, the Torre group achieved a Level 5 BEE Certi cate, the Cadiz group achieved a Level 3 BEE Certi cate and Tellumat achieved a Level 2 BEE Certi cate.AfricanWhiteForeignMaleFemaleMaleFemaleMaleFemale11321012.5%12.5%37.5%25%12.5%0%34 | STELLAR CAPITAL PARTNERS