Non-Executive Chairperson

BLACK MANAGEMENT FORUM INVESTMENTS COMPANY LIMITED was established in 1996 to serve as the investment vehicle for the BLACK MANAGEMENT FORUM a non-profit organisation pursuing the development of managerial leadership and to promote the transformation of organisations in South Africa.

BMF members continually provide input to Government business trade unions and civil society. Furthermore the organisation pro-actively plays a leading role at all levels on policy formulation strategic planning and other key issues facing the country.

When BMF Investments commenced operations in 1996 BMF was the sole 1998 the company was converted into a public entity and BMFI s shareholding was diluted with the introduction of Sanlam and 281 individual BMF members.

BMFI is an investment company whose values are grounded in socio-economic transformation empowerment and broader participation by black people in the South African economy.

BMF Investment holds a diversified investment portfolio comprising of publicly traded and private companies.

The Independent Non-Executive Chairperson as the lead independent to fulfill the following functions:

The chairperson on the board leads the board of directors ensuring its effectiveness setting the strategic agenda and fostering a culture of high performance and good governance. Key duties includes managing board meetings maintaining strong relationships between directors and the CEO representing the board to stakeholders and ensuring robust oversight of the companys direction.

Core Responsibilities of the Chairperson:

1) Board Leadership & Culture: Fostering a culture of trust openness and constructive challenge while ensuring the board has the right composition and skills.

2) Meeting Management: Setting the agenda ensuring timely and accurate information flow to directors and leading discussions to ensure all members contribute.

3) Strategic Oversight: Focusing the board on strategic priorities rather than day to day operations working closely with the CEO and monitoring the companys long-term direction.

4) Governance & Compliance: Ensuring the board acts in the best interests of the company and shareholders adhering to high governance standards.

5) Stakeholder Relations: Acting as the primary link between the board and management and representing the organisation to shareholders and other stakeholders:

5 (a) The AGM and other shareholder meetings - particularly taking the lead in discussions with shareholders at such meetings or other interventions. The chaiperson of the board may be supported by chairperson of various board committees who may also be required to participate at such meetings on specific matters falling under the remit of the respective committees such as:

5 (a) (i) NomRemCom (amalgamation of the Nominations and Remuneration Committees): board of directors appointments (chair of committees responsible for nominations)

5 (a) (ii) Social and ethics committees: stakeholders matters (chair of social and ethics committee) and

5 (a) (iii) Audit and risk: engagement of external auditors (chair of audit committees).

5 (b) Engagement with key stakeholders where the intervention or engagement at the level of the board of directors is needed in addition or instead of management engagement.

5 (c) Being present/participating in industry conferences and the like where necessary and appropriate to represent the organisation.

6) Performance Management: Overseeing board directors and CEO performance evaluations.

Essential Experience

- Previous CEO or C-Suite Experience: the ideal candidate must have the necessary insight into operational challenges and the ability to mentor the current CEO.

- Prior Board/Committee Service: Extensive experience as a Non-Executive Director (NED) or chairing committees (e.g Audit Compensation) is critical to understanding board dynamics and governance.

- Industry Experience: A deepunderstanding of the companys industry market trends and regulatory environment.

- Experience of establishing long term partnerships with companies in the private sector.

- And understanding of investments policies.

Personal Characteristics and abilities

- Leadership & Character: Unimpeachable intergrity personal humility and the courage to make difficult right decisions for the company.

- Strategic & Business Acumen: Experience in business leadership with a focus on long-term strategy risk management and organisational culture.

- Facilitation & Communication: Ability to manage dynamics encouraging all members to contribute while resolving conflicts constructively.

- Soft Skills & EQ: Strong listening skills empathy and the ability to build relationships with the CEO board members and stakeholders.

- Process-Oriented: Focused on effective rather than just fast decision-making while allowing space for others to shine.

- Time Commitment: Dedication to preparing for meetings mentoring and conducting board evaluations.

Applicants should submit a CV and a short covering letter (maximum one page) setting out why you are applying for this role your motivations for joiningprivate practice and the relevant experience that you will bring. All applications should also submit their applications to .