1. By: Prof. Dr. Halimu Shauri Consultant Sociologist hshauri@yahoo.com
IMPLEMENTATION OF MWONGOZO :Corporate Governance Reporting, Board Induction, Work Plan and Strategy
By:
Prof. Dr. Halimu Shauri
Consultant Sociologist

2. IMPLEMENTATION OF MWONGOZO : THE CODE OF GOVERNANCE FOR STATE CORPORATION
Board Members/Senior Management level of expertise
Board members/Senior Management vs leadership = sound management, governance framework and oversight of state corporations
Demonstration of:
Integrity
Compliance with the law and regulations
Fair/just treatment
Objectivity in decision making and action
Independence of directors
Ethical behaviour

3. Reading through MWONGOZO I see...
Effectiveness of boards and management emphasised
Transparency and disclosure
Accountability
Risk management
Internal controls
Ethical leadership and management and
Excellent corporate citizenship (CSR)
N/B: Core values + Principles of public service (Articles 10, 73 and 232 of Constitution 2010)

4. GOVERNANCE REPORTING: MWONGOZO FRAMEWORK
What is reporting for corporate governance?
When do we give corporate governance report?
What do we report in corporate governance?
Why do we report in corporate governance?
How do we report in corporate governance?

5. What do we include and How?:
Vision, values and impact on corporate behaviour
Compliance issues-Principles of corporate governance
The board of directors: Mandate, Number of directors, composition, non-executive chairman, skill mix and competencies, number of meetings
When board papers/documents are circulated
Declaration of conflict of interest
Annual performance reviews of directors
Appointments based on priority needs of corporation and induction
Responsibilities of directors: Goal setters-plans and strategies, ensure a suitable management structure, oversee implementation of strategy and advise management
Financials: Budget reviews and adoption, ensure financial statement preparation

6. Risk management- oversight of controls/compliance
Board Members and Committees, their responsibilities and composition: Standing such as Audit, Remuneration, Nominations
Accountability statement- objectivity, disclosures-remuneration of directors, salaries and benefits of CEO; Procurement
Corporate social report
Compliance with the law: Companies Act, Anticorruption, code of ethics, money laundering etc
Human resource deployment and development
Board evaluation results
Sustainability report

7. DEVELOPING THE BOARD WORK PLAN
What is a plan?
When to plan?
Why plan?
How to plan?

8. Beginning of year: Needs, strategic thrust, competitiveness and viability
Reviews: Strategy, policy and plan implementation
Risk Assessment and management
Budgeting and Financial Management
Quality assurance
Board Evaluation
Governance and Compliance
Competency development for board members
Activities necessary/Prioritization
Matching of priorities to statutory requirements and boards calendar of meetings
Develop boards work plan matrix: Month, function, activity, responsible, requirements,

9. BOARD INDUCTION What is induction? When do we conduct inductions?
Why conduct induction?
What should be included in an induction?
How to conduct an induction?

10. The organization and mandates
Board composition, functions and responsibilities
Board work plan
Board members expectations: Duty (best interest of the corporation), collective responsibility, conflict of interest, spokesperson, dealing with staff, information belongs to the corporation and no surprises
Board operations- meetings (Frequency and duration), agenda, board papers, blue sky sessions, preparation and communication.
Board committees (Standing and others) and their terms of reference
Board evaluation (members, chairman and CEO)

11. Put in place an induction programme
Competency Needs Assessment (CNA)
Continuous Professional Development (CPD)
Keep up with dynamism in the sector. Laws, regulations, policy and practice
Professionals should have certification from relevant bodies

12. BOARD STRATEGY DEVELOPMENT
What is a strategy?
When do you need to develop a strategy?
Why develop a strategy?
How do you develop a strategy?

13. What?- Means to action/plans/programme
Why?- for focusing leadership/clarity of ends/sharpen decisions/cooperation and integration/ responsibility of leadership/ deployment of resources
Boards and strategic leadership, oversight role to monitor and evaluate performance
Strategy can be: corporate, competitive and general
General: achieving objective = deployment
Corporate: choices and commitments-markets, products, services etc
Competitive: low cost, differentiation, niche or focus
Analysis and direction: Vision, mission and core values

14. Analysis: CBA, SWOT and PESTEL or Porters industry environment analysis-Threat of entry and substitutes, buyers and suppliers bargaining powers and rivalry/competition
Strategic planning: Current towards future = Successful vision
Strategy implementation, monitoring and evaluation

15. T H A N K Y O U