Board and Sub-Committee Composition
BOARD OF TRUSTEES

The Board of the Sentinel Retirement Fund comprises 11 trustees, including an independent trustee, who is also the Chairperson. Two employer representatives are appointed by the Minerals Council South Africa, two employee representatives are appointed by the United Association of South Africa (UASA - The Union), two employee representatives are appointed by the Mines Professional Association, two employee representatives are appointed by the National Union of Mineworkers (NUM), two employee representatives are appointed by Solidarity.

INDEPENDENT NON-EXECUTIVE EMPLOYER REPRESENTATIVES EMPLOYEE REPRESENTATIVES
Trustee Trustees Trustees
Chairman: Andre la Grange Mustak Ally
Wyna Modisapodi
Koos Bezuidenhout
Jacques De Vos Hugo
Barry Drew
Gideon du Plessis
Mpho Lesabe
Ntsane Monaheng
Appie Pienaar
David Smith
     
AUDIT AND RISK COMMITTEE

Reports to the Board of Trustees on evidence that:

  • The operations are being conducted in accordance with the objectives of the Fund.

  • Risks are appropriately managed.

  • The financial statements of the Fund reflect the underlying operations thereof.

  • All assets, liabilities and provisions are appropriately recorded.

To achieve this, this committee has drawn together four sets of assurances – those of management, the internal audit function, the external auditors and the actuaries, based on their accountabilities.

CHAIRMAN MEMBERS  
Francois Cooper Mustak Ally
Koos Bezuidenhout
Dawn Earp
Hester Hickey
Gert Kapp
Henry Pearson
Appie Pienaar
David Smith
 
 
INVESTMENT COMMITTEE

Appointed by the Board to monitor and report on investment managers of the Fund. Main Responsibilities:

  • Review and recommend an overall investment policy for approval by the Board of Trustees.

  • Review in the investment policy regularly. Ensure that the Fund's investment policy is implemented.

  • Select and appoint consultants, investment managers and custodians.

  • Approve an investment mandate for each investment manager, including an appropriate benchmark for performance measurement purposes.

  • Monitor investment activities.

The committee relies on professional advisers for assistance.

CHAIRMAN MEMBERS  
John Liackman Jacques De Vos Hugo
Barry Drew
Adam Jacobs
Mutle Mogase
Appie Pienaar
Esmarie Strydom
 
 
HUMAN RESOURCES AND REMUNERATION COMMITTEE

The objectives of the committee are to:

  • Recommend to the Board of Trustees appropriate remuneration for executives and staff.

  • Ensure that the right calibre of management and staff members are attracted and retained.

  • Recommend remuneration to trustees.

In performing its duties, the commitee takes local and national remuneration levels and trends into account. The Fund has committed itself to fair employment policies and practices as defined in applicable labour legislation in general and in the Employment Equity Act, No 55 of 1998 in particular. The Fund encourages career growth for previously disadvantaged groups of employees through its training, development and education programme. Career growth, in turn, contributes to the Fund's overall business objectives. The Human Resources and Remuneration Committee plays an integral part in succession planning, especially for the chief executive officer and executive management. The Fund has submitted its employment equity report in accordance with legislation.

CHAIRMAN MEMBERS  
Abe Bardin Andre la Grange
Mustak Ally
Alida Clarke
Gideon du Plessis
Johan van Niekerk
 
 
CLAIMS COMMITTEE

The Claims Committee is responsible for considering -

  • disability benefit applications in terms of the rules of the Fund; and

  • death benefit lump sum allocation amounts in terms of section 37C of the Pension Funds Act, No 24 of 1956.
CHAIRMAN MEMBERS  
Eric Visser Elna Croeser
Gideon du Plessis
Leigh McMaster
Shadrack Motloung
Franz Stehring
 
 
BUSINESS DEVELOPMENT AND REVIEW COMMITTEE

The committee considers/review benefit improvements and rule amendments on a continual basis and makes recommendations in this regard to the Board of Trustees.

CHAIRMAN MEMBERS  
Eric Visser Barry Drew
Gideon du Plessis
Gert Kapp
Wyna Modisapodi
Mutle Mogase
Shadrack Motloung
Esmarie Strydom
 
 
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