Karoo Harvest Produce — Corporate Governance & ESG
The Company will adopt a corporate governance framework aligned with the King IV Report on Corporate Governance principles, adapted for a private company context. The board will comprise the three founding directors plus two independent non-executive directors with relevant agricultural, financial, and…
Section 13 · Business Plan
Corporate Governance & ESG
The Company will adopt a corporate governance framework aligned with the King IV Report on Corporate Governance principles, adapted for a private company context. The board will comprise the three founding directors plus two independent non-executive directors with relevant agricultural, financial, and…
13.1 Board & Governance Structure
The Company will adopt a corporate governance framework aligned with the King IV Report on Corporate Governance principles, adapted for a private company context. The board will comprise the three founding directors plus two independent non-executive directors with relevant agricultural, financial, and legal expertise.
| Role | Director | Type | Committee Membership |
| Chairperson | To be appointed | Independent NED | All committees (ex officio) |
| CEO | Pieter van der Merwe | Executive | Investment Committee |
| COO | Naledi Khumalo | Executive | Risk Committee |
| Commercial Director | Michael Dlamini | Executive | Investment Committee |
| NED (Finance) | To be appointed | Independent NED | Audit & Risk Committee |
13.2 Environmental, Social & Governance (ESG) Framework
Environmental
-
Water-efficient irrigation achieving >90% application efficiency.
-
Solar PV installation planned for Phase 2 to reduce grid dependency and carbon footprint.
-
Integrated Pest Management minimising agrochemical use.
-
Soil conservation through crop rotation, cover cropping, and reduced tillage practices.
-
Target: zero discharge of agricultural effluent into watercourses.
Social
-
Creation of 85 permanent and 200 seasonal jobs in a rural area with high unemployment.
-
10% Employee Share Trust providing meaningful wealth creation for farm workers.
-
Annual skills development budget of R250,000 for employee training and agricultural qualifications.
-
On-farm worker housing meeting Department of Labour standards.
-
Community engagement programme supporting local schools and health facilities.
-
B-BBEE Level 2 target supporting transformation in commercial agriculture.
Governance
-
Board meetings quarterly with formal minutes and resolutions.
-
Annual external audit by a registered auditor.
-
Monthly management accounts and KPI reporting to investors.
-
Conflict of interest policy and related-party transaction disclosure requirements.
-
Whistleblower policy and anonymous reporting mechanism.
This document contains proprietary and confidential information. Distribution without written consent is prohibited.