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Lonmin is led and controlled by a Board of Directors, comprising two executive and eight
non-executive directors, who normally meet six times a year and more frequently if necessary,
including two meetings in South Africa. The Board, led by an independent non-executive Chairman,
Roger Phillimore, is ultimately accountable for corporate performance and provides the
entrepreneurial leadership, direction and control of Lonmin; is the custodian of Lonmin's
strategic aims, vision and values; and ensures that the necessary financial and human resources
are, and will continue to be, in place to enable Lonmin to meet its objectives. Whilst all
directors have equal responsibility in law for managing Lonmin's affairs, it is the role of
executive management to run the business within the parameters laid down by the Board to produce
clear and accurate reports to assess their performance. The executives make full use of the
expertise and experience that the non-executive directors bring from their business careers.
The chairman routinely holds discussions with non-executive directors without the executive
directors being present. All directors freely express their views, and may ask that these be
recorded in the minutes where appropriate. The role of the Chief Executive, Ian Farmer, is to
provide leadership to the executive management in running the business.
Executive Directors
Non-executive Directors
Schedule of Matters reserved for the Board
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