Board of Directors
Ithala’s Board of Directors currently comprises nine Non-Executive Directors and the Chief Executive.
The Corporation’s Board is structured to optimise the business, professional and management abilities of individuals, together with the collective experience of Members for the benefit ofIthala and the diverse nature of its business activities.
The Board meets formally at least five times a year, but has also established five Committees to assist in the execution of its duties and responsibilities. The Chairperson, and the Group Chief Executive are Adv. AN Zondi (Acting) and Mr Siphiwe Madondo (Acting), respectively.
In terms of legislation, Ithala is responsible to the MEC: Economic Development and Tourism who, when necessary, appoints Directors after consultation with the Economic Development Portfolio Committee and the Premier in Cabinet.
Executive Management
Code of Business Conduct
Ithala’s ethos and ethical conduct are defined in the Corporation’s Code of Business Conduct. This code provides guiding principles regarding the Corporation’s day-to-day business activities, indicating that, through its staff, Ithala:
Strives to achieve client service excellence as a way of life;
Displays the highest level of client confidentiality at all times;
Continues to be an affirmative action employer, through which process, opportunities will be created for staff;
Remains an apolitical organisation;
Conforms with generally accepted accounting practices;
Complies with all laws and regulations, especially insofar as they impact on the functioning of the organisation;
Addresses any and all instances of commercial crime within the organisation, displaying zero tolerance against proven offenders;
Strives to avoid being compromised by a conflict of interest;
Instils in staff the need to avoid private business relationships with clients, customers and suppliers;
Emphasises the need for staff to avoid personal investments in share transactions undertaken by Ithala; and
Strives to create and maintain a safe working environment and conserve resources.