Governance-Supervisory Board

 

The Board of Supervisors (BoS) are responsible for the overall management of the assets and operations

     of FAF-DC and have the following main responsibilities

 

 
  • Recruitment of Chief Executive Officer (CEO);

  • Appointment of members of the Internal Audit Committee;

  • Recommendation of strategy plans and business plans, inclusive of budget and forecasts, for shareholder approval

 
  • Recommendation of audited annual accounts and annual reports for shareholder approval;

  • Approval of projects to be funded/supported apart from what is approved by Management;

  • Preparation/approval of Operational Policies, inclusive of accounting manual, signatory rules etc.

 

BoS usually have four annual meetings but may have more meetings if needed and necessary. There should be between 6 (six) and 21 (twenty one) BoS members.

 

The Members of the Board of Supervisors of FAF-DC

The Deputy Minister of Finance Chairman
The representative from the Ministry of Interior Affairs and Local Government Member
The representative from the Ministry of Agriculture and for Consumer Protection Member
The representative from Counsel of Ministers –Legal Department Member
The representative from the Ministry of Economy, Trade and Energy Member
Executive Director of Mountain Areas Development Agency Member

 

 

 
 

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