Our Governance

Leadership, ethics and corporate citizenship

Continuous professional development

The Board views the development of industry and Fund knowledge is a continuous process. On appointment, each Director undertakes a tailored induction programme designed to deepen their understanding of the Fund’s nature, business model, and operating environment, while enhancing knowledge of the Fund's operations and staff. The programme is customised to each new Director’s experience and background, ensuring relevance and impact.

The Corporation Secretary maintains the Directors' annual training records for regular review by the Board. In addition to Directors' attendance at meetings and review of relevant materials provided by management during the year, the Board attended professional training to enhance their skills and knowledge.

Board training
Title & Date	Training details
Specialised Finance Committee training 23-28 June 2025	The programme was designed to strengthen the Board’s governance role, focusing on outcome-based oversight, setting strategic direction, and safeguarding fiduciary responsibilities. Emphasis was placed on systems thinking, interrogating management assumptions, and developing long-term compensation structures, ensuring the committee is well equipped to uphold the organisation’s vision and sustainability
Strategic performance management programme 2-15 December 2024	The Board enhanced its capacity in Strategic Performance Management, strengthening its oversight role. The training also equipped the Board with skills to set effective KPIs, enhance customer centricity, and support succession planning. It also gained skills to benchmark against global best practices, promote emotionally intelligent leadership, and attract and retain high-performing individuals for a modern 21st century workplace
Benchmarking (Indonesian Pension system) 5-9 May 2025	The benchmarking exercise highlighted lessons from BPJS Kesehatan’s universal health insurance, covering over 279 million people through diverse contribution models and strong digital integration, alongside challenges of financial sustainability and service quality. Insights were also drawn from BPJS Ketenagakerjaan’s employment benefits programmes and the Ministry of Manpower’s social protection policies, highlighting the value of integrated systems, digital transformation, and balancing sustainability with broad coverage
Corporate governance workshop 11-15 March 2025	The conference highlighted people-centred leadership, context-driven governance, climate change and ESG, AI adoption and governance, and stronger risk management. The Board resolved to develop AI policies, prioritise ESG alignment, enhance the Corporation Secretary’s role, strengthen Board evaluations, and pursue further capacity building on key emerging areas

How we enhanced continuous professional development in FY25

As part of the Continuous Professional Development Programme, the Board members from time to time receive presentations from senior executives in the Fund on significant matters. The Fund also arranges appropriate regional branch visits and seminars covering the Fund's operations, the industry and governance matters for the Directors to facilitate their understanding of the Fund business and risks associated with the Fund’s operations.

The Board and management also meet periodically to discuss the strategy of the Fund and how best it can be aligned to the needs of the members. Continuous development of the Board and management remains a key area in a bid to improve corporate governance. In the year under review, the Board together with EXCO were trained in strategic performance management and emerging trends in corporate governance. This has enhanced the level of reporting by management to the Board, thus strengthening leadership capability and focusing on strategic issues.

The Assurance Departments have also devised a work plan to strengthen collaboration of the assurance functions in executing their assurance roles, but at the same time not impairing their independence.

Appointment, rotation and re-election of Directors

The Minister responsible for Social Security, currently the Minister of Gender, Labour and Social Development, appoints Directors for a three-year term renewable once. The MD is recommended by the Board and appointed by the Minister. Under section 3(4) of the NSSF Act Cap 230, a Director may, by writing in his/her hand a letter addressed to the Minister of Gender, resign his/her office.

During the year under review:

The term of office ended for Dr Peter Kimbowa, Mr Patrick Ocailap and Mr Lwabayi Mudiba Hassan on 31 August 2024
On 1 September 2024 the following persons were appointed to the Board
- Dr. David Ogong was appointed as the new Chairman
- Mr Ramathan Ggoobi as the Government representative from the Ministry of Finance, Planning and Economic Development
- Mr Richard Bigirwa as the employee representative from National Organisation of Trade Unions

The Board leads NSSF and guides our business activities in line with the principles of King IV™ and in a manner that promotes good governance outcomes over time.

Board succession

The Fund is governed by a stakeholder board of Directors who are appointed by the Minister in line with Section 3 of the NSSF Act Cap 230 for a term of three years which is renewable once except for the two Government representatives. As and when the term of the Board is about to end, the Board chairperson writes to the Minister responsible for social security six months in advance to appoint new members to the Board.

Organisational ethics

40 YEARS OF BUILDING THE FUTURE: POWERING GROWTH, EMPOWERING GENERATIONS