Composition of the Board
The appointing Minister ensures the Board composition is balanced with respect to competencies, diversity, and independence, enabling it to discharge its obligations objectively and effectively.
Outcomes supported
The requirements of this principle are achieved because NSSF has the following in place:
Board composition
The 13th Board comprises 10 Directors – 9 Non-Executive and 1 Executive (the MD, ex officio) – representing Government (2), Employees (4), Employers (2), an Independent Chairman (1), and the Executive MD (1).
Government
Employees
Employers
Independent Chairman
Skills and expertise
Director skills span Accounting/Finance, Risk Management, Governance, Economics, Law, Strategy, Banking, HR, Customer, IT, Medicine, Social Security, Insurance, Actuarial, Project Management, Procurement and Audit.
Director tenure
Directors serve 3-year terms, renewable once, under Section 3 of the NSSF Act; three Directors from the 12th Board were replaced on appointment of the 13th Board.
Succession planning
Succession planning extends to the MD and EXCO; the FY2024/25 appointment of the former Chief Investment Officer Gerald Paul Kasaato as Deputy Managing Director, former Senior Manager, Partnership, Ms. Peninnah Kabagambe as CEGO, and former Senior Manager Equities, Kenneth Owera as CIO is evidence of internal succession.
Area for future focus
Strengthen gender diversity at top management and enhance succession planning, and critical talent management. Read more about our Board skills and diversity.