40
ArcelorMittal South Africa
Annual Report 2008
Corporate governance is an integral part of ArcelorMittal
South Africa’s business practice and is fully endorsed by its
board of directors. Principles contained in the King Code
of Corporate Practices and Conduct (King II) have been
adopted in the company’s corporate governance structures
and have been materially complied with in the year under
review. ArcelorMittal South Africa is fully committed to
entrenching and upholding the King II corporate governance
standards.
Corporate governance
Board of directors
The ArcelorMittal South Africa board has been constituted in accordance with the King Code of
Corporate Practices and Conduct (King II) as a unified board structure. It consists of 13 directors
of which 10 are non-executive and three executive, being the CEO, President and CFO. Of the
10 non-executive directors, five are independent including the Chairman.
CHAIRMAN
Dr KDK Mokhele
Independent
Non-Executive Director
INDEPENDENT
NON-EXECUTIVE DIRECTORS
NON-EXECUTIVE
DIRECTORS
EXECUTIVE
DK Chugh
CPD Cornier
S Maheshwari
LP Mondi
AMHO Poupart-Lafarge
EK Diack
DCG Murray
MJN Njeke
Ms ND Orleyn
CEO: NMC Nyembezi-Heita
President: LGJJ Bonte
CFO: HJ Verster
