OUR GOVERNANCE:

ROLE CLARITY AND EFFECTIVE EXERCISE OF AUTHORITY AND RESPONSIBILITIES

Business model and value creation aligned to the six capitals

OUR GOVERNANCE:

ROLE CLARITY AND EFFECTIVE EXERCISE OF AUTHORITY AND RESPONSIBILITIES

Appointments and delegation to management

Management, led by the MD, has the authority to manage and control the day-to-day affairs of the Fund in relation to matters other than those reserved for the Board.

We have robust processes in place to ensure that the delegation flows through the Board and its Committees to the MD and EXCO into the organisation. At the same time, accountability flows upwards from the Fund to its members. This process helps to ensure alignment and open communication with our members and all our stakeholders.

Board Chairman

The Chairman, Dr. Peter Kimbowa, is an Independent Non-Executive Director and was appointed on 1 September 2021. His term ended on 31 August 2024. The Chairman’s role includes:

  • Leading the Board and ensuring overall effectiveness, operating to the highest governance standards
  • Encouraging a culture of openness and debate to foster a high-performing and collegial team
  • Ensuring strategic issues, members and relevant stakeholder views are regularly reviewed, understood, and responded to
  • Facilitating the relationship between the Board and the MD and providing oversight, guidance, advice, and leadership
  • Ensuring control over the quality and timeliness of information flow between the Board and Management
  • Setting agendas for meetings of the Board that focus on the strategic direction and performance of the Fund's business
  • Ensuring that adequate time is available for discussion on all agenda items
  • Leading the Board and individual Director Performance Assessments
  • Speaking and acting for the Board and representing the Board to members

Managing Director

The MD is the Chief Executive Officer of the Fund and is subject to the NSSF Act (amended) and to the general control of the Board on matters of policy, responsibility for running the day-to-day business of the Fund, general management, administration, and organisation of the Fund.

He also ensures the strategies and policies set by the Board are implemented.

The MD, Patrick Ayota, is the only Executive Director (ex officio member) on the Board and has been a Board member since December 2022.

Effective leadership and clear delegation create a foundation of trust, ensuring that every decision reflects the interests of our stakeholders and fosters a culture of transparency and collaboration.

Corporation Secretary

The Corporation Secretary, Ms. Agnes Tibayeita Isharaza was appointed in the role since 1 April 2019. Appointment of the Secretary to the Fund is exercised in line with Section 42 of the NSSF Act a. In addition to any other functions conferred upon her by the Minister and the Board, the Corporation Secretary has the custody of the seal of the Fund and is responsible for:

  • Ensuring crucial information flows within the Board and its Board Committees and between Management and the Board
  • Facilitating the orientation and professional development required by the Board
  • Taking minutes of the meetings of the Board and any of its Committees and Subcommittees
  • Keeping the records of all transactions of the Fund
  • The provision of legal advice on all Fund activities
  • Advising the Board on all governance matters
  • Keeping the Board aware of relevant changes in legislation and corporate governance best practice.

As of 1 July 2022, the title of the Corporation Secretary changed to Chief Legal Officer/Corporation Secretary. Responsibilities and accountabilities remain the same.

A NEW DAY - CREATING SHARED VALUE FOR SUSTAINABLE GROWTH

Our executive committee