OUR GOVERNANCE

Corporate governance aligned to King IV principles

PRINCIPLE 8: COMmittees of the board

King IV principles and our activities
GOVERNING STRUCTURES AND DELEGATION (p6-p10)
  • Principle 8 - The governing body should ensure that its arrangements for delegation within its own structures promote independent judgement and assist with the balance of power and the effective discharge of its duties
Outcomes
  • Effective governance structures

Staff Administration and Corporate Affairs Committee (SACA)

CHAIRPERSON
  • Sam Lyomoki
MEMBERS
  • Peninnah Tukamwesiga
  • Annet Nakawunde Mulindwa
  • Aggrey David Kibenge
  • Patrick Ayota (since 02 December 2022)
  • Richard Byarugaba (until 01 December 2022)
The Staff Administration and Corporate Affairs Committee (SACA) of the Board is responsible for the following key areas:
  • Overseeing the effective and efficient administration and management of the Fund by establishing appropriate policies regarding staff, administration, and corporate affairs
  • Reviewing and recommending an appropriate organisational structure and staff establishment to ensure that it is resourced by competent and well-motivated staff to execute strategy
  • Overseeing the management of corporate services such as marketing, public relations, transport, and records

During the FY2022/2023, SACA held meetings where they considered several activities for recommendation to the Board.

SACA Committee’s key activities in FY2022/2023 included the following:
  • Handle transition - Contract approval of MD, DMD and Senior Managers
  • Interviews for the Head of Strategy (EXCO) - New position
  • Salary reviews, staff appraisal and performance bonus recommendations
  • Monitoring organisational redesign to ensure harmony
  • Approval of the human resources policies manual and other policies
  • Reviewed the balanced scorecard
  • Monitoring staff wellbeing and equity
  • Improve and harmonise gender inclusion at the Fund
  • Talent management and reskilling of staff
  • Monitoring and supervision of the Fund's communication policies
  • Supervision of the literacy campaigns
  • Monitoring staff and customer satisfaction
  • Monitoring performance of the brand of the Fund
  • Budget reviews (before submission to the Finance Committee)
  • Held the Annual Members Meeting
Challenges during FY 2022/2023:
  • Anxiety among staff and stakeholders because of the organisational redesign
  • Transition challenges
  • Negative tonality because of unfulfilled expectations with regards to midterm access for unqualifying members
  • Multiplicity of investigations of the Fund by various statutory agencies
Key focus for the following year FY2023/2024
  • Agile organisation with a clear and shared purpose
  • Improve rewards and benefits for staff
  • Aggressive stakeholder management
  • Gender diversity at management and mid management level
  • Improve staff wellbeing
  • Monitor and oversee organisational structural changes
  • Completion of upskilling of staff
  • Oversight of talent management and retention
Capital Impacted
Stakeholders Impacted

The Staff Administration and Corporate Affairs Committee of the Board complied with its mandate for the year under review. All the scheduled meetings were held.

Formalisation of an ESG COMMITTEE