The Board of Trustees remains a robust and effective organ, responsible for the organisation’s strategic direction and oversight. The Board is supported by four subcommittees: the Audit and Risk Committee, the Investment Committee, the Resource Mobilisation Committee and the Remuneration Committee.
In the past year, a review was initiated of the progress made to date on the delivery of objectives set out in the five-year strategic plan (2013 to 2018), with a view to consolidate by the end of 2018.
The Foundation’s management team, under the direction of the chief executive, retains the overall responsibility for the implementation of strategic imperatives and the effective functioning of operational matters.
During the year in review, the Foundation’s staff complement remained unchanged at 26 employees.
A process was started to entrench organisational values, which have been approved by the Board of Trustees.