The Committee Responsibilities

Risk Committee;

• Approve risk management policies
• Identify new risks and monitor known risks
• Approve risk mitigation strategies
• Monitor implementation of risk management aspects of strategy

Audit Committee

• Monitor the internal audit function
• Review results of internal audit and make recommendations on required actions
• Review the half-year and end-year annual statements before submission to the board

Risk & Audit Committee members;

• Kosgey Kolil – Chairman
• Imelda Bore
• Cecilia Kalungu
• Rosemary Oduor

The Committee’s responsibilities

Strategy Committee

• Review and make recommendations to the board on the overall strategy of the Fund.
• Monitor the execution of the strategy by management, except for those aspects more appropriately covered by other committees.
• Review the performance of the Fund in meeting its strategic objectives.
• Consider and make recommendations to the board concerning new strategic initiatives, alliances and potential partnerships.

Finance Committee

• Consider and make recommendations on the annual budgets for the Fund.
• Monitor performance against budgets on a quarterly basis.
• Review and approve any extraneous budget requests.

Investment Committee

• Review and make recommendations to the board on the investment policies standards and procedures.
• Monitor portfolio performance and implementation of investment strategies.
• Monitor the performance of the fund managers and take any necessary actions to ensure compliance with the investment policies and regulatory requirements
• Report to board on quarterly basis on investment performance of the Fund.
• Review and make recommendations on new investment opportunities.
• Conduct an analysis and advice the board on overall financial trends in the market.
• Review and advice the board on the appointment of investment managers, custodians and bankers.

Strategy Finance & Investment Committee members;

• Ernest Nadome – Ag. Chairman
• Rosemary Oduor
• Stephen Vikiru
• Imelda Bore

The Committee’s Responsibilities

Procurement Committee;

• Oversee procurement activities.
• Ensure compliance with any relevant procurement legislation.
• Review and approve procurement plans and policies.

Governance Committee;

• Monitor compliance with all relevant laws and regulations.
• Approve all governance policies and procedures.
• Make recommendations on any changes to governance structure.
• Monitor implementation of governance aspects of strategy.

HR & Compensation Committee;

• Approve compensation policies and procedures.
• Conduct the hiring and performance evaluation of the CEO.
• Conduct and oversee long-term succession planning for Senior Management and the Board of Trustees.
• Review any changes to HR structure or policies proposed by the CEO.
• Monitor implementation of HR and organizational aspects of strategy.

Governance , HR & Compensation Committee members;

• Cecilia Kalungu – Chairperson
• Ernest Nadome
• Imelda Bore
• Kosgey Kolil

The Committee’s responsibilities include;

• To oversee the implementation of the Project in accordance with the directives and approvals of the Board.
• To monitor the progress of the implementation of the project especially with regard to:
• To give necessary 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
  • Quality of works
  • Pace of construction
  • Expenditure/budget
  • Compliance to building and other regulations
• To receive and review monthly reports prepared and submitted by the Project Manager and the other consultants.
• To ensure that appropriate mechanisms are put in place to ensure close co- operation amongst the consultants involved in the implementation of the Project.
• To give necessary 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.
• To report on monthly basis to the Board of Trustees on matters related to the implementation of the Project.
• To coordinate the flow of information from the Board to the Project Manager, contractor and the other consultants
• To make recommendations and seek approval from the Board on matters that it deems require approval from the Board.

Project Implementation Committee (PIC) members;

• Ernest Nadome - Chairman
• Rosemary Oduor
• Cecilia Kalungu
• Stephen Vikiru