Governance
Partner capital protected by structure, not promises.
DAC is governed by its constitution and Shareholders' Agreement, a Board including independent professionals, independent external auditors and an Annual General Meeting where partners hold management to account.
Structure
Who does what
Annual General Meeting
Held every year: Chairman's Report, Farm Operations Report, Financial Report, Independent Auditor's Report, strategy, dividend recommendation, elections, partner questions and formal resolutions. Electronic participation may be facilitated where legally permitted.
Board of directors
Representation for Founders, Founding Partners and independent professionals, covering agriculture, finance, law, corporate governance and business strategy.
Partner representatives
Founding Partners may elect representatives to the Board under the constitutional and shareholder documents — oversight without interfering in daily management.
Executive management
Runs DAC day to day: farm operations, finance, procurement, markets and partner administration, within Board-approved budgets.
Mudhumeni Mukuru technical lead
Provides agronomic direction, production planning and technical quality control across all enterprises.
Committees
Specialist oversight
Investment & acquisition
Screens the farm acquisition, capital projects and enterprise expansion before Board approval.
Finance & audit
Oversees budgets, internal controls, the independent external audit and financial reporting integrity.
Operations
Monitors hectares planted, yields, production cost, gross margin, water usage, crop losses and equipment utilisation.
Partnership & administration
Handles onboarding, KYC, contribution records, the share register and partner communication.
Controls
Transparency and financial discipline
- All capital paid into authorised company-controlled accounts — never personal accounts of founders, managers or representatives.
- Independent external auditors appointed; annual financial statements audited and presented to partners.
- Traceable contributions, official receipts, partner records, bank reconciliations and payment controls.
- Quarterly farm updates and appropriate financial updates to every partner.
- Transparent procurement with competitive quotations where practical and proper documentation.
- Disclosure and approval of related-party transactions; conflict-of-interest declarations for directors and management.
- Enhanced approval for reserved matters: sale of the farm, security over assets, further acquisitions, major borrowing, new shares, merger or winding up.
- Zero tolerance for theft, fraud, bribery, undisclosed commissions, misappropriation, false invoicing and unauthorised personal use of assets.