• Introduction
    • OVERVIEW
    • INTRODUCTION TO THE STANDARD BANK GROUP
    • OUR REPORTING SUITE
    • A LETTER FROM OUR CEO
    • STAKEHOLDER ENGAGEMENT
    • ASSURANCE STATEMENT
     
     
     
     
     
     
  • SEE impact areas
    • OVERVIEW
    • IMPACT REPORTING
    • 1.
      FINANCIAL INCLUSION
    • 2.
      JOB CREATION AND ENTERPRISE DEVELOPMENT
    • 3.
      INFRASTRUCTURE
    • 4.
      AFRICA TRADE AND INVESTMENT
    • 5.
      EDUCATION AND SKILLS DEVELOPMENT
    • 6.
      EMPLOYEE DEVELOPMENT AND TRAINING
     
     
  • ESG
    • OVERVIEW
    • ABOUT THIS REPORT
    • MANAGING E&S RISKS AND OPPORTUNITIES
    • OUR DIRECT ENVIRONMENTAL PERFORMANCE
    • VALUING OUR PEOPLE
    • INVESTING IN COMMUNITIES
    • PROMOTING SOUND GOVERNANCE AND INTEGRITY
    • ESG METRICS AND POLICIES
     
     
  • Transformation
    • OVERVIEW
    • INTRODUCTION
    • A LETTER FROM SBSA CE: LUNGISA FUZILE
    • STANDARD BANK’S BEE SCORECARD
    • WHERE TO FIND MORE INFORMATION
    • B-BBEE CERTIFICATE
     
     
     
     
     
     
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Management control

Standard Bank scored 14.88 out of 20 for this element of the Financial Code in 2018. This is an improvement against our score of 12.77 out of 20 in 2017. Our score is calculated based on the membership of the SBSA board and South Africa executive committee, including Standard Bank Group executive committee members employed in SBSA. The score also measures the representation of black people, black women and African people across occupational levels.

SOUTH AFRICA (SA) EXECUTIVE COMMITTEE

Lungisa Fuzile
Lungisa Fuzile
CHIEF EXECUTIVE, SBSA

Libby King
Libby King
CHIEF FINANCIAL OFFICER, SBSA AND HEAD, FINANCE OPERATIONS
René Du Preez
René Du Preez
GROUP GENERAL COUNSEL
Jörg Fischer
Jörg Fischer
GROUP HEAD OF SHARED SERVICES AND REAL ESTATE SERVICES
Peggy-Sue Khumalo
Peggy-Sue Khumalo
CHIEF EXECUTIVE, WEALTH, SA
Isabel Lawrence
Isabel Lawrence
GROUP CHIEF COMPLIANCE AND DATA OFFICER
Disebo Moephuli
Disebo Moephuli
CHIEF EXECUTIVE, CIB SA
Funeka Montjane
Funeka Montjane
CHIEF EXECUTIVE, PBB SA
Myen Moodley
Myen Moodley
HEAD OF HUMAN CAPITAL, SA
Mike Murphy
Mike Murphy
CHIEF INFORMATION OFFICER, SA
Thulani Sibeko
Thulani Sibeko
GROUP HEAD MARKETING AND COMMUNICATION
Neil Surgey
Neil Surgey
GROUP CHIEF RISK OFFICER AND GROUP ETHICS OFFICER
THE SBSA BOARD

Executive directors

Lungisa Fuzile
Lungisa Fuzile
CHIEF EXECUTIVE, SBSA
Sim Tshabalala
Sim Tshabalala
CHIEF EXECUTIVE, SBG
Arno Daehnke
Arno Daehnke
CHIEF FINANCIAL OFFICER, SBG
In 2018, our SBG CE Sim Tshabalala was awarded CEO of the decade by the Association of Black Securities and Investment Professionals (ABSIP), while The Standard Bank of South Africa won the award for the most transformed bank.

Non-executive directors

Thulani Gcabashe
Thulani Gcabashe
CHAIRMAN AND INDEPENDENT NON-EXECUTIVE DIRECTOR
Geraldine Fraser
Geraldine Fraser–Moleketi
INDEPENDENT NON-EXECUTIVE DIRECTOR
Hao Hu
Hao Hu
NON-EXECUTIVE DIRECTOR
Trix Kennealy
Trix Kennealy
INDEPENDENT NON-EXECUTIVE DIRECTOR
Jacko Maree
Jacko Maree
NON-EXECUTIVE DIRECTOR
Nomgando Matyumza
Nomgando Matyumza
INDEPENDENT NON-EXECUTIVE DIRECTOR
Kgomotso Moroka
Kgomotso Moroka
NON-EXECUTIVE DIRECTOR
Martin Oduor
Martin
Oduor–Otieno 
INDEPENDENT NON-EXECUTIVE DIRECTOR
André Parker
André Parker
INDEPENDENT NON-EXECUTIVE DIRECTOR
Atedo Peterside
Atedo Peterside
INDEPENDENT NON-EXECUTIVE DIRECTOR
Myles Ruck
Myles Ruck
INDEPENDENT NON-EXECUTIVE DIRECTOR
Peter Sullivan
Peter Sullivan
INDEPENDENT NON-EXECUTIVE DIRECTOR
John Vice
John Vice
INDEPENDENT NON-EXECUTIVE DIRECTOR
Lubin Wang
Lubin Wang
NON-EXECUTIVE DIRECTOR
women
4
WOMEN
men
13
MEN

We achieved our 2018 targets for the representation of black people and black women in senior, middle and junior management. Black people constituted the majority of promotions into all grades. However, African people are still underrepresented in promotions into senior management and executive positions and progress in achieving equitable African representation at senior and middle management levels has been slower than we would like. The percentage of African people appointed into senior management roles (34%) decreased slightly in comparison to 2017 (37%). The proportion of black women appointed into senior management increased to 34%, from 22% in 2017.

Skills developmentGender
As part of our group-wide efforts to promote gender equity, we have set a target to increase the representation of women in executive positions in Standard Bank South Africa from 32% in 2018 to 40% by 2021. See the skills development chapter for more information about how we’re investing in developing women leaders.

   
Women in executive management positions (%) 32.2 tick
Women in senior management positions (%) 39.4 tick
   
SBSA – Black employees (South African citizens)
SBSA-Black-employeesTop managementSenior managementMiddlemanagementJuniormanagement20162018201742%34%22%46%43%41%71%70%68%88%88%87%