The Board of Directors’ core responsibility is strategy formulation and oversight aimed at attainment of the company’s strategic objectives, as well as policy formulation, adoption and enforcement. The board also provides governance frameworks to ensure that the company’s business is conducted in compliance with statutory laws, regulatory and acceptable ethical standards.
The company is committed to the highest standards of ethical and effective corporate governance as a guiding framework for its business operations. This enables positive business performance in the short, medium and long term.
Appointment of Members: In line with the memorandum of association, Board members are appointed by the shareholder – the Ministry of Public Works and Transport (MPWT), which is the line ministry. The Board of Directors are fully accountable to the MPWT and indirectly to the Ministry of Finance. The Financial performance of the company is monitored by through the Public Enterprises Unit (PEU) on a quarterly basis.