Board Committees

Board committees are formed when it is efficient or necessary to facilitate effective decision-making. Committees focus on specific areas and take informed decisions within the framework of delegated authority and make specific recommendations to the Board on matters in their area of purview. The board’s present standing committees are:

 

a) Risk & Audit Committee

 

The Committee’s responsibilities include;

i. Reviewing the effectiveness and reliability of management information systems, risk and internal      controls systems and the efficiency and effectiveness of both external and internal audit.
ii. Liaison with internal and external auditors in their undertakings of respective assignments.
iii. Reviewing and recommending to the board, the appropriate risk management policies and                  procedures.
iv. Monitoring the implementation of risk management strategies.
v. Advising the board on any issues pertaining to the appointment, remuneration and dismissal of        auditors.
vi. Making recommendations to the board on it governance including ict policies and planning.

    Risk & Audit Committee members

  1. Kosgey Kolil –      Chairman
  2. Imelda Bore
  3. Vincent Ochieng

 

b) Strategy, Finance and Investment Committee

 

The Committee’s responsibilities include;

i. Reviewing and making recommendations to the Board on proposed new investments, capital              developments.
ii. Monitoring portfolio performance and implementation of investment strategies.
iii. Advising the Board on appointment of investment managers, custodians and bankers and                  monitoring and evaluating the performance of these service providers.
iv. Reviewing and making recommendations on the annual budgets for the Fund including                       monitoring the performance.
v. Advising on the development and implementation of the strategic plan.
vi. Making recommendations to the Board concerning new strategic initiatives, alliances and                  potential partnerships.

Strategy Finance & Investment Committee members

  1. Johnstone Sakwa  – Ag. Chairman
  2. Reson Oloitiptip

 

c) Governance, HR & Compensation Committee

 

The Committee’s responsibilities include;

i. Orientation and induction of new Trustees including training and development.
ii. Reviewing and advising the Board on the annual procurement plans and the management, on           procurement matters.
iii. Overseeing the governance, compliance and communication function of the Fund.
iv. Responsibility for staff and operational policies in order to align the Fund’s operations with best
practices.

 

Governance, HR & Compensation Committee members

  1. Cecilia Kalungu – Chairperson
  2. Imelda Bore
  3. Reson Oloitiptip
  4. Vincent Ochieng

 

d) Project Implementation Committee

 

The Committee’s responsibilities include;

i. Giving advice, guidance and support to the project manager and the other consultants on all              project related matters to ensure that the project is well implemented.
ii. Overseeing the implementation of the project in accordance with the directives and approvals           from the Board.
iii. Monitoring the progress of implementation of the project.

Project Implementation Committee members

    1. Johnstone Sakwa Chairman
    2. Kosgey Kolil
    3. Cecilia Kalungu