Our Governance

Global Reporting Initiative

Part 5: Fund Governance

Fund Governance Icon Fund Governance Icon
Governance structure and composition
  • Our corporate governance structure and practices have enabled us to create value for the Fund, our members and all our stakeholders in an ever-changing environment
  • The NSSF Governance Structure diagram shows the interaction between the members and the Board, demonstrating how the Board Committee structure facilitates the relationship between the Board and the MD and indicates the flow of delegation from members
Integrated report
  • Page 74
Sustainability report
  • Page 58
Link
Nomination and selection of the highest governance body
  • Board appointments Tenure, gender, independence, experience
Integrated report
  • Pages 76, 80
Sustainability report
  • Pages 60, 65
Link
Chair of the highest governance body
  • The Chairman, Dr. David Ogong, is an independent Non-Executive Director and was appointed on 1 September 2024. His term will continue for 3 years until 31 August 2027
Integrated report
  • Page 76
Sustainability report
  • Page 60
Link
Role of the highest governance body in overseeing the management of impacts
  • Oversight of sustainability is currently undertaken by our Audit and Risk Assurance Committee. Given current legal constraints, our Board charter does not provide for a dedicated sustainability committee
  • To address this, we are actively pursuing an amendment to the Board charter to formalise sustainability governance, which is essential for supporting our 2035 strategy centred on sustainable practices
  • Staff Administration and Corporate Affairs Committee (SACA), Audit and Risk Assurance Committee (ARC), and Investments and Project Monitoring Committee (IPMC) have defined responsibilities in the current governance structures
Integrated report
  • Pages 78, 87(ARC), 89(IPMC), 91(SACA)
Sustainability report
  • Pages 60, 72(ARC), 74(IPMC), 76(SACA)
Link
Delegation of responsibility for managing impacts
  • ESG in performance scorecards
Integrated report
  • Page 106
Sustainability report
  • Page 81
Link
Role of the highest governance body in sustainability reporting
  • Message from our Chairman
  • The Fund has appointed the Board as responsible for delivering ESG commitments. The Board is supported by the ARC, SACA and IPMC
Integrated report
  • Page 96
Sustainability report
  • Page 8
Link
Conflicts of interest
  • Declarations and whistleblowing processes
Integrated report
  • Page 77
Sustainability report
  • Page 60
Link
Communication of critical concerns
  • Chairman’s Report : The key challenges during FY2025
  • Stakeholder engagement
Integrated report
  • Page 69
  • Pages 43-48
Sustainability report
  • Page 52
  • Pages 34-38
Link
Collective knowledge of the highest governance body
  • Composition of the Board and skills and experience
  • Board training
Integrated report
  • Pages 78-80
  • Page 76
Sustainability report
  • Pages 62, 65
  • Pages 60
Link
Evaluation of the performance of the highest governance body
  • The Board is committed to continuous improvement and evaluates its performance
Integrated report
  • Page 75
Sustainability report
  • Page 59
Resources
Remuneration policies
  • Remuneration governance
  • Remuneration Report
Integrated report
  • Page 92
  • Page 94
Sustainability report
  • Page 77
  • Page 79
Link
Process to determine remuneration
  • The remuneration framework is aligned with strategic KPIs to ensure performance is commensurate with individual and business success. The reward system acknowledges the need for sustainability and adaptability in a changing business landscape
Integrated report
  • Pages 94, 95
Sustainability report
  • Page 79
Link
Part 6: Stakeholder engagement
40 YEARS OF BUILDING THE FUTURE: POWERING GROWTH, EMPOWERING GENERATIONS