OUR GOVERNANCE:
Introduction to Corporate Governance
Ms Agnes Tibayeita Isharaza, Corporation Secretary
A New Day- creating shared value for sustainable growth
The Legal and Board Affairs Department of the National Social Security Fund continues to evolve into a business value creator. The Department being an approved Law Chamber operates on private legal practice norms in delivering its mandate.
Collaborative efforts for ethical business practices
The Department has worked closely with the Board to ensure that we adhere to ethical business processes and enhance the Fund’s reputation. Together, we have advocated for clear and transparent governance practices to build trust with our members and stakeholders for long term sustainable growth.
Independent legal advisory and compliance
The Legal Department provides independent legal advice to all functions across the organisation by ensuring that they comply with all laws and regulations that are in place thereby avoiding legal risks and ensuring long term sustainability. In driving sustainable growth, the Department ensures that in all contracts that are executed, sustainability clauses are embedded, and sustainability practices are adhered to. In drafting and reviewing our policies, we ensure that they comply and are aligned with laws promoting diversity, equity, and inclusion.
Proactive legal risk management
Legal risk management has also remained key on the Department’s agenda which has enabled us to proactively address legal risks which could impact on the Fund’s business and minimise the litigation against the Fund. As a department, remittances of the members contributions are key on our agenda and during the year under review, we were able to collect close to UGX 8 billion of unremitted contributions through our recovery processes that are aligned to the strategic goals of the Fund.
Implementation and expansion following NSSF Act Amendments
Following the amendment of the NSSF Act, we have supported the various Departments in ensuring that the new provisions are implemented seamlessly without any disruptions to the Fund’s Business, members, and all stakeholders.
The amendment of the NSSF Act has made it possible to extend the Fund’s coverage to the informal sector, we are therefore working with several stakeholders to render support in the formulation of voluntary regulations to deliver value to both the members and our stakeholders for long term sustainable growth.
The Fund launched a mass registration campaign that was aimed at registering all Employers in Uganda, irrespective of the number of workers employed
Legal clinics
During the year in review, together with the relevant stakeholders, we conducted legal aid clinics on laws pertaining to employment law, financial fraud awareness, intellectual property rights and artificial intelligence.
The legal aid clinics have enabled us focus on building long term partnerships with our stakeholders and to also jointly address social and environmental issues.
The Uganda Law Society Annual Probono day at the Railway grounds.
Visualising the terrain ahead
“A new day” has given us the opportunity as a department to evolve and devise solutions that will offer long-term value to our members and stakeholders without compromising the regulatory environment in which we operate.
We shall continue to leverage on strategic partnerships in the coming year to continuously improve our processes, sensitise the internal staff, our members, and key stakeholders on the provisions of the NSSF Act and emerging trends in laws that impact our business and operations.
We shall continue to support the business in the development of new benefits and products for our members sustainable growth. We shall continue to re-skill our staff on legal aspects of sustainability and evolve to automate our processes to improve our service delivery.
A NEW DAY - CREATING SHARED VALUE FOR SUSTAINABLE GROWTH