Our Governance
Responsible stewardship
Our competent, skilled and diverse Board
King IV™ emphasises the importance of having a Board that possesses a suitable balance of knowledge, skills, experience, and independence to fulfil its governance duties and responsibilities in an objective and effective manner.
Composition of the Board
The Board comprises Directors with a wide variety of skills and experience to effectively lead the strategic direction of the Fund. The 13th Board is diverse and balanced.
The Stakeholder Board is headed by the Chairman and consists of:
- Ten Directors appointed for a three-year term renewable once in line with Section 3 of the NSSF Act Cap 230
- Directors represent each of the key stakeholder groups which include Government, employees and employers. The Board is composed of:
- One Executive Director (ex-officio); and
- Nine Non-Executive Directors
Board skills and experience
Tenure 2025
Non-Executive/Executive 2025
Gender 2025
International experience for FY25
Experience and skills
Experence and skills breakdown
- Acturial, Law, IT, Medicine, Audit, Social security, Procurement
- Finance, Government, Customer, Banking and accounting
- Risk Management, Economics
- Human resources
- Project management
- Governance
- Strategy
Role of the Non-Executive Directors
Non-Executive Directors play a crucial role in ensuring that the Fund operates in the best interests of its members. Their independent judgement is vital in guiding strategic decisions and maintaining high governance standards.The Non-Executive Directors meet separately as and when is needed. During the year of review, they met to discuss the performance of management between the 4th and 5th of April 2025.
Role of the Non-Executive Directors - How Non-Executive Directors fulfil their responsibilities:
Active participation
Attending all Board meetings to provide independent insights on key strategic matters.
Conflict management
Taking the lead when potential conflicts of interest arise to uphold transparency and integrity.
Performance oversight
Scrutinising and monitoring the performance of the Fund and its management in achieving established corporate goals.
Strategic development
Contributing positively to the formulation of the Fund's strategy and policies through informed and ethical decision-making.
Engagement with management
Collaborating with senior management and relevant stakeholders—such as professional advisors, auditors, and the Fund's legal team—to address various concerns and challenges effectively.