The Operating Board of Directors of the Group

The operating board is responsible for the group's strategy formulation, as well as the day-to-day management of all aspects of the trading and service divisions.

Currently the operating board is responsible for all operational matters in relation to the group's fashion retailing and financial services businesses and support functions, including but not limited to:

• merchandise sourcing, buying, planning, warehousing and distribution;
• store location, leasing, operations, design and architecture;
• human resource recruitment, training, development and remuneration;
• information systems acquisition, development and maintenance;
• credit management and customer relationship marketing and systems;
• financial management and administration;
• strategic plan formulation, development, execution and refinement;
• budget development, review and achievement in relation to sales, operating expenses and capital expenditure;
• risk identification, assessment, mitigation and management;
• business philosophy and value system development and refinement;
• internal control development, monitoring and audit;
• employment equity plan development, review and implementation;
• development and monitoring of operational policies and procedures;
• transformation strategy development, implementation and monitoring;
• approving investment, disinvestment, refinancing and restructuring transactions in accordance with parameters set by the main board; and
• adopting and implementing corporate governance practices, which are appropriate for the group, and meeting the standards set out in King II.

This board typically meets monthly and further meetings are scheduled at short notice should circumstances dictate.

Operating board of directors of the group

D M Polak (Chief Executive Officer and Managing Director)
R Stein (Financial Director)
S N Bowley (Chief Executive Officer Designate)
A D Murray (Group Managing Director Designate)
H B Godfrey (Managing Director – @home)
P S Meiring (Managing Director – Foschini Group Financial Services)
B J Curry (Managing Director – Foschinidata)
G S Naidoo (Managing Director – Group Human Resources)
A R Bisogno (Managing Director – Foschini division)
M Mendelsohn (Managing Director – Sports division)

Detailed information of the operating board and their credentials can be seen here