SASOL LIMITED | Re-elect Muriel Dube as Director

Status
93.41% votes in favour
AGM date
Proposal number
6
Resolution details
Company ticker
SOL
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Environment
ESG sub-theme
  • Climate change
Type of vote
Director vote
Filer type
Management
Company sector
Energy
Company HQ country
South Africa
Resolved clause
To vote on the re-election, each by way of a separate vote, of the following directors who are required to retire in terms of clause 22.2.11 of the Company’s MOI and who are eligible and have agreed to stand for re-election:
• Mr MJ Cuambe
• Ms MBN Dube
• Dr M Flöel
• Mr FR Grobler
• Ms MEK Nkeli

The Nomination and Governance Committee and the Board have reviewed the composition of the Board against corporate governance and transformation requirements and have recommended the re-election of Mr MJ Cuambe, Ms MBN Dube, Dr M Flöel, Mr FR Grobler and Ms MEK Nkeli. It is the view of the Board that the re-election of these directors will:
• provide continuity on the Board;
• enable the Company to responsibly maintain a mixture of business skills and experience relevant to the Company and balance the requirements of transformation, continuity and succession planning;
• enable the Board to meet its targets with respect to gender and racial diversity; and
• enable the Company to comply with corporate governance requirements in respect of matters such as the balance of executive, non-executive and independent directors on the Board.

Information on the Company’s corporate governance practices is available on pages 64 to 69 of the 2023
Integrated Report.
Supporting statement
Sasol has confirmed that the ultimate accountability for the climate strategy sits with non-executive director, Muriel Dube.
Given Old Mutual's persistent discontent with the strategy’s ambition and with the implementation thereof, we cannot, in principle, support the re-election of this director for this year’s AGM.

How other organisations have declared their voting intentions

Organisation name Declared voting intentions Rationale
Old Mutual Investment Group Against Sasol has confirmed that the ultimate accountability for the climate strategy sits with non-executive director, Muriel Dube. Given our persistent discontent with the strategy’s ambition and with the implementation thereof, we cannot, in principle, support the re-election of this director for this year’s AGM.

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