1. Copyright© JSE Limited 2009 www.jse.co.za Corporate Governance AltX – is it different? Noah Greenhill

2. 2 www.jse.co.za 2 AltX Established 2003 75 companies listed R10bn market capitalisation 3 key quality controls Designated Advisor AltX Advisory Committee Directors Induction Programme Ongoing obligations

3. 3 www.jse.co.za 3 The Stakeholders The Board Management Shareholders Regulators Environment Service providers

4. 4 www.jse.co.za 4 The evidence Listing requirements Companies Act King III Board charters and committees Chairman Directors Executive Non-executive Independent non-executive Processes Visuals – AFS and other documents “Substance over form”

5. 5 www.jse.co.za 5 Some more evidence 9 had Executive chairman 24 had no remuneration committee Reports Management report Year on year analysis Annual Financial Statements Corporate Governance and Sustainability review

6. 6 www.jse.co.za 6 Conclusion Makes a difference Attitude Adds to the quality Company Investor Other stakeholders

7. 7 www.jse.co.za