Integrated_Annual_Report_2026 - Flipbook - Page 80
INTRODUCTION
SASOL AT A
GLANCE
DRIVING SUSTAINABLE
VALUE CREATION
EXECUTING
STRATEGY
DELIVERING
BUSINESS VALUE
SUMMARISED FINANCIAL
PERFORMANCE
CORPORATE
GOVERNANCE
SUSTAINABILITY
REPORT
REMUNERATION
REPORT
ASSURANCE /
ADMINISTRATION
BOARD OF DIRECTORS CONTINUED
Board composition, succession and capability
Sasol recognises and embraces the benefits of a diverse Board and believes that an appropriate mix of skills, experience, independence, background, culture, gender and tenure enhances the quality of
debate and contributes to better decision-making and supports a balanced distribution of power and authority at Board level, ensuring that no one director has unfettered powers of decision-making.
During FY26, the NGC continued to oversee Board succession planning with reference to Sasol’s strategic priorities, governance risks and future leadership requirements. The Board skills matrix was
refreshed during the year to better reflect the capabilities required for the next phase of Sasol’s strategy. The revised approach places greater emphasis on evaluating the practical application of skills at
Board level, supported by proficiency ratings linked to directors’ contributions on key topics.
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Refer to the Board Charter for the policy and process for the appointment of Directors available on our website at www.sasol.com
Board capability and skills
The Board is responsible for ensuring that Sasol is governed and
directed by a collective body with the requisite skills, experience,
competencies and attributes to oversee the Company’s strategy,
performance, risks and opportunities, and to support the sustainable
creation of long-term
stakeholder value.
The Board has adopted a skills and competency framework that
defines the capabilities required to discharge its governance and
oversight responsibilities effectively. The framework is reviewed
periodically to ensure continued alignment with Sasol’s strategic
priorities, operating environment, risk profile and future leadership
requirements, and reflects both current and emerging capabilities
required to support the Company’s long-term success.
The Board’s competency framework encompasses:
• Strategic leadership and business development
• Financial literacy and capital allocation
• Industry and market insight
• Legal, regulatory and governance expertise
• Sustainability and ESG leadership
• Digital technology, transformation and innovation
• Information and cyber risk governance
• Executive leadership and talent management
• Energy transition and decarbonisation
• Major project oversight
• Global risk and geopolitical awareness
Director induction and continuous development
• Entrepreneurship and innovation
• Circular economy and resource efficiency
• Advanced analytics and AI strategy
• Stakeholder engagement and future governance
During FY26, Directors completed an assessment against defined
proficiency criteria for each competency area. The assessment
considered Directors’ qualifications, experience, knowledge,
judgement and demonstrated contribution to Board and Committee
deliberations and oversight activities. The results were consolidated
into a Board skills matrix to evaluate the Board’s collective capability
and identify opportunities for ongoing development.
The outcomes of the assessment are considered by the
Nomination and Governance Committee and the Board to inform
Board succession planning, capability development and future
appointments, ensuring that the Board continues to maintain an
appropriate mix of skills, experience, independence and diversity
aligned to Sasol’s strategic priorities and evolving business
requirements.
Following completion of the FY26 assessment, the Board
concluded that it possesses the requisite mix of skills, experience
and competencies required to discharge its responsibilities
effectively. The assessment confirmed that the Board is
appropriately equipped to oversee the execution of Sasol’s strategy,
monitor risk and performance, respond to emerging challenges
and opportunities, and support the sustainable creation of value for
stakeholders.
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Refer to Sasol’s Form 20-F for more detail regarding skills and experience of
each Director, available on our website: www.sasol.com
SASOL INTEGRATED REPORT 2026
79
Sasol maintains a structured and tailored induction programme
to support the effective integration of newly appointed nonExecutive Directors. The programme is designed to provide
directors with a comprehensive understanding of the Group’s
strategy, business model, operations, governance framework
and key risks, enabling informed and independent contribution
from the outset. It includes engagement with the Chairman,
executive management and fellow directors, access to Board
and Committee materials, and exposure to operations through
site visits where appropriate. Committee-specific induction
and follow-up engagements are also conducted to assess
effectiveness and identify any additional development needs.
This approach, complemented by ongoing learning and
development initiatives, supports continuous capability building
and effective Board oversight.
Company Secretary
The effective functioning of the Board is facilitated and
supported by the Company Secretary, who serves
as a central source of guidance on governance, legal
and regulatory requirements, and evolving legislative
developments. The Company Secretary is not a Director
of Sasol Limited and maintains an appropriate arm’s
length relationship with the Board and its members, while
supporting robust governance processes, including Board
and Committee effectiveness, as well as director induction
and ongoing development.
The Board is satisfied that the role is performed with
independence, professionalism and integrity, and that
the Company Secretary has the requisite competence,
qualifications and experience to fulfil this responsibility.
