VinoVista Estates (Pty) Ltd Business Plan › Section 17 › Corporate Governance

VinoVista Estates will adopt governance practices aligned with the King IV Report on Corporate Governance, appropriate for a private company of its scale:

17.1 Board of Directors

• Board composition: 5 directors — 3 executive directors (CEO, COO, CCO) and 2 independent non-executive directors

• Independent Chair (non-executive) to be appointed from the investor consortium

• Quarterly board meetings with formal agendas, minutes, and action tracking

• Annual board effectiveness review conducted by an independent facilitator

17.2 Board Committees

• Audit & Risk Committee: Chaired by independent NED. Oversight of financial reporting, internal controls, risk management, and external audit relationship.

• Remuneration Committee: Chaired by independent NED. Review and approval of executive compensation, including performance-linked incentive structures.

• Social & Ethics Committee: Required under the Companies Act. Oversight of BEE compliance, environmental sustainability, labour practices, and community engagement.

17.3 Reporting & Transparency

• Annual audited financial statements prepared in accordance with IFRS for SMEs

• Quarterly management accounts and operational KPI reports to the Board and investors

• Annual integrated report covering financial, operational, social, and environmental performance

• Investor portal with real-time access to key operational metrics and financial dashboards

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