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Hyprop Investments Limited
Integrated annual report 2016
Attendance at board and committee meetings for the review period (1 July 2015 to 30 June 2016) is reflected below.
BOARD
AUDIT
RISK
REMUNERATION
AND
NOMINATION
SOCIAL
AND ETHICS
INVESTMENT
Independent non-
executive directors
GR Tipper (chairman
of the board)
5/5
3/3
2/2
(e)
2/2
2/2
(e)
5/5
EG Dube
(c)
4/5
2/2
L Engelbrecht
(a)
5/5
3/3
2/2
2/2
TV Mokgatlha
4/5
3/3
MJ Lewin
(d)
5/5
2/2
LLS van der Watt
(f)
3/4
1/5
Non-executive directors
KM Ellerine
5/5
5/5
L Norval
5/5
4/5
S Shaw-Taylor
(b)
5/5
2/2
2/2
4/5
Executive directors
PG Prinsloo (CEO)
5/5
3/3
(e)
2/2
2/2
(e)
2/2
5/5
LR Cohen (FD)
5/5
3/3
(e)
2/2
2/2
(e)
2/2
(e)
5/5
(a)
Chair audit committee
(b)
Chair risk committee
(c)
Chair remuneration and nomination committee
(d)
Chair social and ethics committee
(e)
By invitation
(f)
Resigned 4 May 2016
•
•
Financial Markets Act 19 of 2012
•
•
Income Tax Act 58 1962
•
•
Promotion of Access to Information Act 2 2000
•
•
Protection of Personal Information Act 4 2013
•
•
Protected Disclosures Act 2000
•
•
Securities Services Act 36 of 2004
As Hyprop is a listed REIT, it is required to comply with the JSE Listings
Requirements and rules speci c to REITs in South Africa.
Anti-competitive behaviour
Hyprop has not been party to any legal actions for anti-competitive
behaviour or monopoly practices in the period.
Policy documents available online
•
•
Board charter
•
•
Audit committee charter
•
•
Investment committee charter
•
•
Remuneration and nomination committee charter
•
•
Risk committee charter
•
•
Social and ethics committee charter
•
•
Code of conduct and company policy
•
•
Employment equity policy and plan
•
•
Memorandum of Incorporation
Compliance with laws, rules, codes and standards
The national legal executive and executive management ensure that
Hyprop complies with all current regulations and legislation, liaising
closely with the company’s sponsor. If there are areas of non-
compliance, these will be formally tabled through the risk
management process under the supervision of the risk committee.
There were no material compliance issues during the year. The Hyprop
board meets periodically and includes on its agenda for discussion the
property sector charter, with particular focus on transformation and
related issues.
Legislation/regulations with which the company is required to comply
include:
•
•
Property sector charter
•
•
Basic Conditions of Employment Act 75 of 1997
•
•
Companies Act 71 of 2008
•
•
Compensation for Occupational Injuries and Disease Act 130 of 1993
•
•
Competition Act 89 of 1998
•
•
Employment Equity Act 55 of 1998
•
•
Labour Relations Act 66 of 1995
•
•
Occupational Health and Safety Act 85 of 1993
•
•
Value Added Tax Act 89 of 1991
•
•
Financial Intelligence Centre Act 38 of 2001
•
•
Consumer Protection Act 68 of 2008