The Coega Development Corporation (CDC) is a state owned entity formed in 1999 mandated to develop and operate the Coega Industrial Development Zone (IDZ) which is located adjacent the modern deep water port facility, Port of Ngqura-developed and owned by Transnet National Ports Authority.
Non-Executive Directors (X3) - Coega Development Foundation
QUALIFICATIONS, SKILLS AND EXPERIENCE
- The CDF and its
Board are committed to the highest standards of governance, and to a Board
of Directors that possesses the appropriate balance of knowledge, skills,
experience, diversity and independence to enable it to discharge its
governance roles and responsibilities objectively and effectively.
- Appointed
non-executive directors should possess the qualifications, skills,
expertise, and commitment to support the organisation in achieving its
objectives. Suitably qualified candidates with experience in one or more
of the following areas of expertise, are encouraged to apply:
- Academic
credentials at the tertiary level in the following areas: financial
management, governance, public interest law and/or social justice and
risk management.
- Board
governance of non-profit companies.
- Practical
experience in managing non-profit companies directed at human capital
development and social welfare would be a distinct advantage
- Like the CDC,
the Board of the CDF is committed to diversity, inclusion and
transformation and strives to reflect South Africa’s diversity.
- Candidates must
have a clear understanding of the fiduciary duties of a director, and
demonstrate the following personal characteristics:
- Integrity: Have
experience in a position of trust requiring him or her to act in good
faith, avoid conflicts of interest, and display the highest standards of
honesty and integrity.
- Independence:
Be able to exercise judgment independently of stakeholder involvement,
and not occupy any political office (in any political party) or occupy a
position in any sphere of government.
- Competence: The
nominated directors must have obtained a relevant bachelor’s degree or
equivalent qualification and have demonstrable practical knowledge and
experience relevant to the role.
KEY RESPONSIBILITIES
- The primary
purpose of the Board is to provide governance and oversight for the Coega
Development Foundation in terms of how funds are acquired and spent, how
risks are managed, and compliance with the law and best practice.
- The Board
participates in the development of the strategic direction of the CDF and
monitors the CDF’s activities to ensure that strategic objectives are met.
- The CDF Board
approves the annual budget, reviews quarterly reports on spending against
budget, signs off on the annual audit of financial statements, and makes
sure that the CDF is adequately resourced to meet its strategic
objectives. Board members also authorise certain payments in accordance
with internal financial policies.
- The CDF Board
continuously assesses risks to the CDF and ensures that adequate risk
management measures are in place, and that the CDF complies with all
applicable regulatory requirements.
- The
CDF Board meets on a quarterly basis and reviews its governance practices
on an ongoing basis.
Method of Application
Interested and qualified? Go to Coega to
apply
