$5\mathrm{.}2$

INFORMATION

$(10$ marks$)$

Techno Innovations is a mid$-$sized technology company in South Africa focused on developing renewable energy solutions. The company has grown significantly over the last five years, expanding into new markets across Africa. As the company scales, the board of directors has faced increasing scrutiny regarding its composition.

The board currently consists of:

$8$ members, all South African citizens.

$6$ men and $2$ women.

$4$ of the board members are executives, while the remaining $4$ are non$-$executives.

The chaiperson is also the Chief Executive Officer

The average tenure of the board members is $8$ years.

REQUIRED

$5\mathrm{.}2\mathrm{.}1.$ Discuss if the current composition of Techno Innovations board meets the expectations of the King IV Code?

$(5$ marks$)$

$5\mathrm{.}2\mathrm{.}2.$ Suggest changes the company should consider to improve the board's effectiveness and align with corporate governance best practices?

$(5$ marks$)$