SASOL Integrated Report 2025_Final_28 August 2025 - Flipbook - Page 126
INTRODUCTION
ABOUT SASOL
STRATEGIC OVERVIEW
PORTFOLIOS
ESG
DATA AND ASSURANCE / ADMINISTRATION
REMUNERATION REPORT
GOVERNANCE continued
GROUP GOVERNANCE continued
Effectiveness of our Board
Newly appointed Directors are apprised of Sasol’s
business and their duties and responsibilities as
Directors. Directors are also given the opportunity
to visit Sasol’s plants and operations. The
development of industry and Group knowledge is
a continuous process, and Directors are briefed on
legal developments and changes in the risk and
general business environment on an ongoing basis.
The Board, its Committees and Directors are
entitled to seek independent professional advice
concerning the Company’s affairs and to gain
access to any information they may require in
discharging their duties as Directors.
It is the policy of the Board to formally evaluate its
performance and effectiveness, and that of its
Committees, Directors and the Chairman, every
second year. A formal evaluation was conducted
in 2025.
The Board concluded that it is effective, and the Directors are satisfied that the evaluation
process is contributing to the improvement of the Board’s performance and effectiveness.
The Board also concluded that its Committees are appropriately structured, suitably delegated
with the right responsibilities and necessary authority to support the Board, and are effective.
“We are committed to setting the tone on ethics and governance.”
“While performance and reward management are well-handled, we need to continue focusing
on succession planning.”
“We are satisfied that the Board spends its time focused on priorities, discussing substantive
strategic issues in a constructive manner, bringing an outside perspective and adding value to
management’s thinking.”
“Over the past year, the Board and management have made strides in engaging in difficult
conversations based on trust, demonstrating a willingness to understand diverse viewpoints
and approaches to addressing challenging issues.”
“We are satisfied that the Board understands the importance of ensuring that the right
leadership is in place, developed and retained, and that performance and behaviour are
rewarded in a manner that supports the immediate priorities, strategic direction, sustainability
and values of the Company.”
The Board and its Committees benefit from a diverse range of skills and experience, which enhances the
quality of strategic planning and is essential for guiding the Company toward long-term success. Within
the context of Sasol’s operating environment, our Directors bring expertise across the following key areas:
A Social, SHE and sustainability
A Engineering
A Chemicals
A Oil, gas and upstream business
A Capital projects
A Sales and marketing
A Finance
A Digital, including cyber security
A Mergers and acquisitions
A Public policy and regulatory
A Legal and compliance
A Human resources and remuneration
A Strategy and risk management
A Global experience
Skills assessments are a continuous and strategic exercise to ensure that the Board’s collective experience
and capabilities remain aligned with the Company’s evolving needs and strategic direction. This ongoing
process helps confirm that the Board is well-positioned to fulfil its oversight responsibilities and guide the
Company effectively. As part of this commitment, the Board is currently reviewing the skills required for
Future Sasol. This assessment will contribute to identifying strengths and potential gaps in the Board’s
composition, ensuring it maintains the right mix of skills, experience, and perspectives to address both
current and future challenges. The insights gained will inform succession planning and support targeted
recruitment and development initiatives.
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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
The Company Secretary
The effective functioning of the Board is facilitated and supported by the Company Secretary. The Company
Secretary is not a Director of Sasol Limited and provides a central source of guidance and support on
matters of good governance and changes in legislation while maintaining an arm’s length relationship
with the Board and Directors. Ms Elizna Viljoen was appointed as the Group Company Secretary on
1 January 2025. The Board is satisfied that Ms Viljoen is competent and has the appropriate qualifications
and experience to serve as Group Company Secretary.
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