Board of directors / Governance

Governance

Our mission is to deliver fit-for-purpose Enterprise and Supplier Development (ESD) Programmes that create shared value beyond compliance through:

The guiding principles that are considered in our governance model are as follows:

  • A three-tiered approach for improved decision-making, consisting of a Board of Directors, Credit and Investment Committee (Invesco) and the Executive of Siyakhula
  • A functional accountability model that calls for the Group Executive of Corporate Affairs to take responsibility for Siyakhula activities
  • A cross-functional representation of both the Group and BUs for effective ESD programme execution

Our governance is structured to ensure accountability and transparency is afforded to all Siyakhula’s key stakeholders. Our structures including their mandates responsibilities are:

  • Siyakhula Board: Oversees implementation of ESD Policy and Strategy. Approves budget and annual plan. Oversees the performance of the Siyakhula programme. Provides corporate governance oversight
  • Siyakhula Investment Committee: Primarily responsible for the evaluation of investment applications, including finance restructuring for existing beneficiaries
  • Siyakhula Operations: Provides operational support and reporting on overall performance of the ESD programme.