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Governance Report Governance report In this section 82 Our Board of directors 86 Our Executive Committee 88 Chair’s introduction 90 Our leadership 97 Board evaluation 100 Audit and Risk Committee report 110 Nominations Committee report 115 Our compliance with the UK Corporate Governance Code 119 Directors’ report 123 Directors’ responsibilities statement 124 Directors’ remuneration report Airtel Africa plc Annual Report and Accounts 2021 81 © 2021 Friend Studio Ltd File name: BoardXandXExecXCommittee_v48 Modification Date: 26 May 2021 8:22 am Governance report Our Board of directors Sunil Bharti Mittal Raghunath Mandava Chair Chief executive officer N M Date appointed to Board: October 2018 Date appointed to Board: July 2018 Independent: no Independent: no Age: 63 Age: 54 Nationality: Indian Nationality: Indian Skills, expertise and contribution Skills, expertise and contribution Sunil is the founder and chairman of Bharti Enterprises, one of India’s leading Raghu has held a variety of sales, marketing, customer experience and general conglomerates with diversified interests in telecoms, insurance, real estate, management roles in the FMCG and telecoms industries. Raghu joined Airtel Africa agriculture and food, renewable energy and other ventures. Bharti Airtel, the flagship Group as chief operating officer in 2016 and took over as CEO in January 2017. company of Bharti Enterprises, is a global telecommunications company operating in To his role as CEO, he brings a deep understanding of telecoms and a strong belief 18 countries across South Asia and Africa. It’s one of the top three mobile operators that connectivity can accelerate growth by helping to bridge the digital divide and globally, with a network covering over two billion people. Airtel is India’s largest advance financial inclusion. Raghu takes an innovative problem-solving approach to integrated telecoms provider and the second largest mobile operator in Africa. achieve disruptive growth and profitability. He has guided Airtel Africa in building a modernised 4G network. In his last role in Airtel India, he helped deliver a substantially Sunil is the pioneering force behind the mobile revolution in India – he revolutionised improved customer experience while considerably reducing costs. He has an the business model at Bharti Airtel to make affordable voice and data services electronics engineering degree and an MBA specialising in marketing. available to all. Airtel has transformed the quality of lives of millions of people globally, providing connectivity and digital empowerment. As chair of the Board, his leadership Other commitments has brought immense value to Airtel Africa through his vision, knowledge and deep Board member of Bharti Airtel International (Netherlands) B.V., Bharti Airtel Africa B.V. expertise. and Airtel Networks Limited. External commitments Previous roles • Founder and chairman of Bharti Enterprises and Bharti Airtel Raghu represented the Airtel Africa Group on the Board of Bharti Airtel until January • Chairman of OneWeb Holding Limited 2019. He held various roles at Airtel India starting in 2003 as chief operating officer • Member of the International Business Council, World Economic Forum (WEF) for Tamil Nadu, Circle CEO for Rajasthan, chief marketing officer of the Mobile • Member of the Global Board of Advisors, Council of Foreign Relations (CFR) Business, regional operations director for East India Mobile Business, regional • Commissioner of the Broadband Commission operations director for B2C Business for West India, and customer experience director for India. Before joining Airtel India, Raghu held various sales, marketing and • Trustee at the Carnegie Endowment for International Peace (CEIP) business operations roles at Hindustan Unilever. • Member of the Board of Qatar Foundation Endowment (QFE) • Member of the India-US, India-UK and India-Japan and India-Sweden CEO Forums During the reporting period, Raghu participated in a targeted mentoring programme to enhance his UK listed plc experience. • Co-chair of the India-Africa Business Council Previous roles Andrew Green CBE Sunil has served on the boards of several international bodies. He was the chairman Senior non-executive director of the International Chamber of Commerce (ICC) from June 2016 to June 2018 and the chairman of GSM Association (GSMA) from January 2017 to December 2018. AR N M He was the president of the Confederation of Indian Industry (CII) from 2007 to 2008. Sunil is closely associated with spearheading the Indian industry’s global trade, Date appointed to Board: April 2019 collaboration and policy – he has served on the Prime Minister of India’s Council on Independent: yes Trade and Industry. Age: 65 Nationality: British Sunil has also served on the boards of several multinational companies including Unilever PLC, Standard Chartered Bank PLC and SoftBank Corp. Skills, expertise and contribution Sunil is a nominee of Bharti Airtel Limited. Andy brings many years of global financial and strategic experience to the Board. Through his work with a number of multinational organisations, he is able to draw on a wide knowledge of diverse issues and outcomes to provide constructive challenge and robust scrutiny of matters that come before the Board. External commitments • Group chairman of Simon Midco Limited (the holding company of Lowell Group) • Chair at Gentrack Group Limited (NZX/ASK) • Non-executive director at Link Administration Holdings Limited • Commissioner at the National Infrastructure Commission • Trustee of WWF UK and Disasters Emergency Committee • Chair of Water Aid UK Previous roles Andy was previously senior independent director of Avanti Communications plc and ARM Holdings plc and chairman of Digital Catapult and IG Group plc. He was Group chief executive officer of Logica plc until its sale in 2012. His prior roles include those at BT Group plc, including CEO of BT Openworld, CEO of BT Global Services and CEO of Group Strategy and Operations and various roles at Shell and Deloitte. Andy has held a number of non-executive directorships in the US, Hong Kong, Germany and the UK. Key to committees AR Audit and Risk Committee N Nominations Committee R Remuneration Committee M Market Disclosure Committee Committee chair 82 Airtel Africa plc Annual Report and Accounts 2021 © 2021 Friend Studio Ltd File name: BoardXandXExecXCommittee_v48 Modification Date: 26 May 2021 8:22 am Governance report Awuneba Ajumogobia John Danilovich (née Iketubosin) Non-executive director Non-executive director R R AR Date appointed to Board: April 2019 Independent: yes Date appointed to Board: April 2019 Age: 70 Independent: yes Nationality: American Age: 62 Nationality: Nigerian Skills, expertise and contribution Skills, expertise and contribution John has held executive leadership roles in international business and government for several decades. As a global business leader and distinguished diplomat, he has Awuneba is a chartered accountant with broad experience in assurance, taxation, extensive experience in regional and international trade-related issues. To Airtel finance and advisory services across several industries. Her expertise as an Africa, he brings skills in building international partnerships and advocacy with assurance and finance specialist, garnered at leading professional services firms and policymakers, foreign dignitaries and business leaders, and provides constructive her knowledge and experience of the Nigerian and African markets make her challenge and robust scrutiny of matters that come before the Board. instrumental to Board decision-making. External commitments External commitments • Board member at d’Amico International Shipping (DIS) • Executive director at Multistream Energy Limited • Board and council member at the Harvard Chan School of Public Health, the Center • Board chair at CAP Plc for Strategic International Studies (CSIS) and Chatham House (UK) • Governing council chair at Grange School, Lagos • Member of the Council on Foreign Relations (New York) and of the American • Board member of University of Ibadan Research Foundation Academy of Diplomacy • Member of the Finance Committee of the Musical Society of Nigeria (MUSON) • Executive council member of Women in Management, Business and Public Service Previous roles (WIMBIZ) John was Secretary General of the International Chamber of Commerce (ICC) in Paris from 2014 to 2018 and CEO of the Millennium Challenge Corporation in Previous roles Washington from 2005 to 2009. He has been the US ambassador to Brazil and to Awuneba was a board member at UAC of Nigeria PLC (UACN) from 2009 to 2019. Costa Rica. While on the board of the Panama Canal Commission, he acted as During her tenure, she chaired the Risk Management Committee and was a member chairman of the commission’s Transition Committee prior to the handover of the of the Statutory Audit Committee. Prior to this, she developed her career at Peat canal by the US to Panama. In his distinguished career, he also played a significant Marwick, Deloitte and Accenture. Awuneba has also held advisory and role in the Central American Free Trade Agreement (CAFTA). implementation roles with a number of national development projects in Nigeria. Annika Poutiainen Douglas Baillie Non-executive director Non-executive director and AR chair of Remuneration Committee Date appointed to Board: April 2019 N R M Independent: yes Age: 50 Date appointed to Board: April 2019 Nationality: Finnish Independent: yes Age: 65 Skills, expertise and contribution Nationality: British
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