The Board of Directors provides leadership and strategic steer to safeguard stakeholder value creation within a framework of prudent and effective controls. Through oversight, it ensures that AYO capitalises on opportunities and manages risks and challenges as an ethical, responsible corporate citizen.

The Board’s duties and responsibilities are discharged with the assistance of the five Board Committees, each with its formally mandated terms of reference. Detailed reports from the chairs of the various committees are presented in this section.

The careful selection of individual directors underpins the effectiveness of the Board in fulfilling its role and ensures the optimal combination of expertise and experience to drive AYO’s accelerated growth.

The Board is also responsible for the selection and hire of the company secretary. Mr Wazeer Moosa, was appointed to the role during the reporting period. The Board is satisfied that Mr Moosa has the necessary competence, qualifications and experience for the position. We appreciate his valuable contributions in terms of the statutory compliance and King’s Code principles’ application and disclosure.

AYO’s full corporate governance King IV^TM report is available on www.ayotsl.com