annual report 2009
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 operations 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 management and systems;
- financial management and administration;
- strategic plan formulation, development, execution and refinement;
- development, review and achievement of budgets in relation to sales, operating expenses and capital expenditure;
- identification, assessment, mitigation and management of risk;
- development and refinement of business philosophy and the value system;
- development, monitoring and audit of internal controls;
- development, review and implementation of the employment equity plan;
- development and monitoring of operational policies and procedures;
- development, implementation and monitoring of transformation strategy;
- approving transactions regarding investment, disinvestment, refinancing and restructuring, in accordance with parameters set by the main board; and
- adopting and implementing corporate governance practices and meeting standards set out in King II.
This board typically meets monthly, and further meetings take place at short notice when necessary.
Operating board of directors of the group
| A D Murray | Chief Executive Officer |
| R Stein | Financial Director |
| M Mendelsohn | Retail Director |
| 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 |
| D B Gedye | Managing Director – Sports division |
Detailed information of the operating board and their credentials appear here.
