BuildCore Retail Group — Management & Governance
The leadership approach, the proposed organisational structure, corporate governance, reporting and transparency, the board committees and mandates and the key performance indicators.
Section 10 · Business Plan
Management & Governance
The leadership approach, the proposed organisational structure, corporate governance, reporting and transparency, the board committees and mandates and the key performance indicators.
10.1 Leadership Approach
BuildCore will be led by an experienced executive team recruited from
South Africa’s building-materials retail and logistics sectors,
combining deep category knowledge with disciplined retail and
supply-chain execution. The team is structured around clear functional
accountability: retail operations, supply chain and procurement,
finance, technology, and human capital.
10.2 Proposed Organisational Structure
| Role | Mandate |
|---|---|
| Chief Executive Officer | Strategy, capital, stakeholder & overall performance |
| Chief Financial Officer | Finance, treasury, investor reporting, controls |
| Chief Operating Officer | Store operations, rollout execution, service standards |
| Supply Chain & Procurement Director | Buying, distribution, inventory, logistics |
| Chief Technology Officer | ERP, e-commerce, data & digital platforms |
| Human Capital Director | Recruitment, training, culture, transformation |
Table 10.1 — Proposed executive structure.
10.3 Corporate Governance
The Group will adopt governance practices aligned with the King IV
Code on Corporate Governance, including an independent, majority
non-executive board, an Audit & Risk Committee, a Remuneration
Committee and a Social & Ethics Committee. Independent board
oversight, enterprise risk management, internal audit and supply-chain
compliance frameworks will be established from inception to meet the
expectations of institutional investors and lenders.
10.4 Reporting & Transparency
BuildCore commits to transparent, timely reporting to capital
providers, including monthly management accounts, quarterly board
reporting, audited annual financial statements prepared under IFRS, and
covenant-compliance reporting to senior lenders. Key performance
indicators — like-for-like sales growth, gross margin, store-EBITDA,
inventory days and net debt — will be tracked and reported
consistently.
10.5 Board Committees & Mandates
The board operates through three standing committees, each chaired by
an independent non-executive director, providing the assurance structure
expected by institutional investors and development finance
institutions.
| Committee | Composition | Core mandate |
|---|---|---|
| Audit & Risk | Independent NEDs; CFO in attendance | Financial integrity, internal audit, risk register, covenant monitoring, external-audit oversight |
| Remuneration & Nominations | Majority independent NEDs | Executive remuneration, incentive alignment, board composition and succession |
| Social & Ethics | Independent NEDs; HC Director in attendance | Transformation, B-BBEE, ESG, ethics, stakeholder and community impact |
Table 10.2 — Board committee structure and mandates.
10.6 Key Performance Indicators
Management performance and board oversight are anchored to a concise
set of leading and lagging indicators, reported monthly to the executive
and quarterly to the board. Pre-agreed thresholds trigger escalation and
corrective action, giving capital providers early visibility of any
deviation from plan.
| KPI | Category | Target / threshold |
|---|---|---|
| Like-for-like sales growth | Growth | Positive once stores mature (>12 months) |
| Gross margin | Profitability | 24% rising toward 26%+ |
| Store-level EBITDA margin | Profitability | ~10–11% at maturity |
| Inventory days (COGS) | Working capital | 55–62 days |
| Net debt / EBITDA | Leverage | De-levering; comfortably serviceable |
| New-store payback | Capital efficiency | Within target maturation window |
| Stock availability (in-stock %) | Operations | High availability on core lines |
Table 10.3 — Key performance indicators and thresholds.
Confidential — this business plan is provided to prospective investors and lenders for evaluation purposes only and may not be reproduced or distributed without the written consent of BuildCore Retail Group.