Corporate Governance

Corporate Governance

Corporate governance embodies processes and systems by which public entities are directed, controlled and held to account. It defines the distribution of rights and responsibilities among the different stakeholders and participants in the organisation, it determines the rules and procedures for making decisions on corporate affairs (including the process through which the organisation’s objectives are set) and provides the means of attaining those objectives and monitoring performance. Importantly it defines where accountability lies throughout the organisation.

In addition to legislative requirements based upon the ELIDZ’s enabling legislation and the Companies Act of 2008, corporate governance is applied through the prescripts of the Public Finance Management Act of 1999 (PFMA) and in accordance with the principles contained in the King IV Report on Corporate Governance and the Protocol on Corporate Governance, 2002.

The ELIDZ is committed to upholding the highest standards of corporate governance by complying with legislation applicable to it as well as aligning itself to non-binding rules, codes and standards such as the King report and governance protocol. Parliament, the Executive and the Board of the ELIDZ are responsible for corporate governance.

“The ELIDZ is committed to upholding the highest standards of corporate governance by complying with legislation applicable to it as well as aligning itself to non-binding rules, codes and standards such as the King report and governance protocol. ”  

Board Chairperson, Member of the Audit Committee and the Operations and Risk Committee

EDUCATIONAL BACKGROUND

Mr Mfuleni holds a Diploma in Theology from Technikon Northern Transvaal, Management Development Programme – Nelson Mandela University, Certificate in retail management – UNISA and King III Corporate Governance – Institute of Directors.

CAREER MOVES

2001 to date:  Chief Executive Officer and Group Chairman of Imbizo Group

2007 to date: Committee Member at ANC Eastern Cape Sub-Committee Fundraising

2009 to date: Non-Executive Director at Seda Nelson Mandela Bay ICT Incubator

2013 to date: Board Chairman at Bay TV, Channel 260 Dstv

2013 to date: Non-Executive Director at Business Unity South Africa

2013 to date: Board Chairman at Association for Community Television in SA

2014 to date: Non-Executive Director at Mandela Bay Development Agency

2018 to date: Mr Mfuleni joined the ELIDZ Board as a Non-Executive Director at the ELIDZ

Executive Director – Ex Officio

Member of the Operations and Risk Committee

EDUCATIONAL BACKGROUND

Mr Mpondo holds a Bachelor of Science (BSc) Honours Degree in Town and Regional Planning from Wits University as well as a certificate in Sustainable Development and Planning from the University of Stellenbosch.

CAREER MOVES

2000 – 2001:  Town Planning Consultant at Gurney Planning & Design

2001 – 2004: Researcher (Development/Transportation Planner) – Sustainable Development Unit, CSIR: Division of Road & Transport Technology

2004 – 2005: Director – Growth & Development (including International Relations) at the Office of the Premier – Gauteng Provincial Government

2005 – 2006: Manager – Policy & Regulation at the Road Freight Association

2007-2008: Non-Executive Director at the African Tramways (Road Freight Haulage Company)

2007 to date:  Managing Director at SAFIRI (Pty) Ltd

2007 -2009: Expert on the Gauteng Transport Management Agency.

2006 -2009:  Chief Executive Officer at Pitseng Resources

2006 -2011:  Non-Executive Director at Cross – Border Roads Transport Agency

2012 -2014: Non-Executive Director at South African Airways (SAA) State Owned Company (SOC)

2018 to date: Mr Mpondo joined the ELIDZ Board as a member of the Operations and Risk Committee and Finance Committee.

Member of the Finance Committee and the Audit Committee

EDUCATIONAL BACKGROUND

Ms Mnconywa is a qualified Chartered Accountant of South Africa (CA SA), and holds a Masters Degree in Accounting Science, Honours Degree in Bachelor of Commerce (BCom), Post Graduate Certificate in Accounting and a Higher Diploma in Education. Ms Mnconywa is currently affiliated with SAICA and the Independent Regulatory Board of Auditors.

CAREER MOVES

2007 – 2008: Appointed as Audit Manager at the Auditor General of South Africa (Mthatha)

2008 to date: Senior lecturer, Nkuhlu Department of Accounting at the University of Fort Hare

2014 – 2019: Head of Nkuhlu Department of Accounting at the University of Fort Hare

2010 – 2016: Audit Committee Chairperson at ECSECC

2012 – 2018: Independent Audit Committee member at Marine Living Resource Fund

2016 – to date: Non – Executive Director at ELIDZ