Adcock Ingram Integrated Report 2018

9 ADCOCK INGRAM  Integrated Report 2018 6 Proactively accepting responsibility for andmanaging the sustainability and environmental issues associated with its business. 5 Actively pursuing transformation and ensuring employment practices which are not unfairly discriminatory and which seek to maximise the potential of all employees through training and skills development. The Board recently reviewed the Gender Diversity policy to include race targets, as required in the JSE Listings Requirements. The policy is now known as the Gender and Race Diversity Policy and is available on the Company’s website. Although the policy expresses a commitment to working towards achieving gender parity by no later than 2026, already eight of the fourteen directors are female with different skills, background and qualifications. The Board has further committed through the revised policy that the Board, when considered as a whole, shall not have less than 50% directors who are Black and 30% females who are Black. DIVERSITY OF THE EXECUTIVE COMMITTEE DIVERSITY OF THE BOARD Ethical culture Good performance Transparent information sharing Effective control INTENDED OUTCOMES 7 1 2 4 Tenure on board 0 – 2 years 3 – 4 years 6 years 9+ years 3 2 1 6 Tenure on Exco 0 – 2 years 5 – 6 years 6 – 7 years 9+ years 5 4 5 Age 35 – 50 51 – 60 61 – 70 5 4 3 Age 44 – 50 51 – 55 56 – 60 Black White 64 36 Race (%) Black White 42 58 Race (%) 57 43 Gender (%) Female Male 33 67 Gender (%) Female Male Independent Non-Independent (including executive directors) 50 50 Independence (%) The outcome of the gap analysis guides the Board’s implementation of King IV. The Group is substantially compliant with the King IV Report and the few instances of non-compliance are highlighted in the report. CHANGES TO THE BOARD AND DIRECTORS’ RESPONSIBILITIES The following changes to the Board were effected during and subsequent to the year under review: Effective date Nature of the change 21 August 2017 Dr Brian Joffe resigned as a Director and the Chairman of the Acquisitions Committee. 23 November 2017 Ms Nompumelelo Madisa was appointed as a non-executive director and a member of the Acquisitions Committee. 29 January 2018 Mr Michael Sacks resigned as a director, Chairman of the Audit Committee and member of the Risk and Sustainability, HR, Remuneration and Nominations, and the Acquisitions Committees. 20 February 2018 Ms Jenitha John was appointed as the Chairperson of the Audit Committee. 28 August 2018 Ms Nompumelelo Madisa was appointed as a member of the HR, Remuneration and Nominations Committee (Committee); Mr Mpho Makwana stepped down as the Chairman of the Committee but continues to serve as a member; and Ms Lulama Boyce was appointed as the Chairperson of the Committee. The newly appointed director has been appropriately inducted and has confirmed that she has sufficient time available to fulfil her responsibilities as a member of the Board and relevant sub-committees.