Dear Member,

I am pleased to present our corporate governance report for the year 2020/2021, which has been a difficult year due to the Covid-19 pandemic, however the Board has remained true to our purpose of maintaining good governance and ensuring that we deliver on our mandate. This report sets out our robust approach to sound governance practices, our mandate as the Board, together with reports from each Board Committee and activities.

The Board being the overall custodian of good corporate governance together with management, promote and uphold the core fundamental principles of governance; accountability, fairness, transparency and social responsibility in the way we conduct business.

Our integrated report discloses our performance to our members, our stakeholders and the public as a commitment of our accountability and transparency. The Fund holds an Annual Members’ Meeting where we get the opportunity to present our financial performance and audit findings to our members, as well as interact and listen to our members. This year we experienced record numbers of attendance at our virtual meeting which has been our experience with all virtual stakeholder engagement sessions.

The Board’s approach is to ensure that corporate governance is embedded into the objectives, operations and processes of the Fund’s business. The Board is committed to keeping abreast with new corporate governance practices from an international, regional and local perspective in fulfillment of its vision to become the social security provider of choice to its members and generate tangible sustainable returns.