3.2 Governance PBMR has been incorporated as a subsidiary of Eskom Enterprises SOC Ltd, under Eskom Holdings SOC Ltd. Eskom has been acting as a host to oversee care and maintenance and PBMR had its own board and executive committee (Exco). The Chairperson of the board is Mr Gert Gouws and the acting CEO is Mr Frikkie Ellis (three board members and five Exco members). Eskom provided the following governance and oversight functions: CEO, CFO, company secretary, legal services, internal audit, audit finance and risk committee, social and ethics committee. The PBMR financials were incorporated into Eskom 2012 results. PBMR will continue to provide for its own lease for accommodation, human resource services, finance services, commercial services, administrative services, documentation and information and technology services.