The Board action plan for 2022/2023 will cover the following areas:
The Board of Directors/Trustees is the governing body of the Fund and accountable for reviewing, evaluating, and directing the Fund’s strategic plan and objectives.
The Board is headed by the Chairman and consists of:
The Chairman is independent and in line with best practice, his roles are separate from those of the Chief Executive Office.
The Minister responsible for Social Security, currently the Minister of Gender Labour and Social Development, appoints Directors for a three-year renewable term. Appointment of Directors is subject to a due diligence and approval of the Regulator (URBRA). The MD is recommended by the Board and appointed by the Minister. Under section 3(4) of the NSSF Act, a Director may, by writing in his/her hand a letter addressed to the Minister of Gender, resign his/her office.