The South African Reserve Bank has published nomination documents inviting nominations for candidates to serve as shareholder-elected non-executive directors, as the terms of office of three such directors will expire at the next annual Ordinary General Meeting (AGM) on 8 August 2025. Nominations may be made by any shareholder, SARB director or member of the public, with the upcoming vacancies requiring skills and knowledge in the industry and agriculture sectors. The package includes nomination and consent forms, a prescribed curriculum vitae format, and a statement to be completed and signed by the nominator, seconder and nominated candidate. The candidate statement requires disclosures on other board roles and employment and confirmation that the nominee is not disqualified under the South African Reserve Bank Act, including residency in South Africa and restrictions covering, among others, banking-sector roles, government and elected office, insolvency, certain misconduct or dishonesty-related convictions, incapacity and government employment; it also provides for verification of information including credit and financial history. Completed and signed documents must be returned to the Panel via the Secretary of the Bank by 16:00 on Friday, 14 March 2025, ahead of the election at the 8 August 2025 AGM.
South African Reserve Bank 2025-02-17
South African Reserve Bank invites nominations for three shareholder-elected non-executive Board director seats with submissions due 14 March 2025
The South African Reserve Bank has issued nomination documents for shareholder-elected non-executive director positions, as three directors' terms will expire at the next AGM on 8 August 2025. Nominations are open to shareholders, SARB directors, and the public, with candidates needing expertise in industry and agriculture. The package includes forms and a candidate statement requiring disclosures on board roles, employment, and compliance with the South African Reserve Bank Act.