The Coega Development Foundation (CDF) invites interested and suitably qualified candidates to apply for NON-Executive Directors X3 to be based in Gqeberha, Eastern Cape.
Position: NON-Executive Directors X3
Location: Gqeberha, Eastern Cape
Employment Type: Permanent
Grade: F5
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.
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.
REMUNERATION
- Non-executive director positions are not paid a salary. However, a reasonable director emolument will be paid in accordance with National Treasury guidelines, as will all reasonable and agreed travel expenses associated with the CDF Board responsibilities.
- The position will also entail a comprehensive induction that includes training in best practices of non-profit organisation governance, as required.
HOW TO APPLY
- Please email recruitment@coega.co.za before the closing date of Monday, 15 January 2024 including a brief written motivation of your interest in and suitability for this role, as well as a copy of your Curriculum Vitae.
Applications for the Non-Executive Directors (X3) – Coega Development Foundation must be submitted to recruitment@coega.co.za.
The appointment of candidates is subject to the verification of all their credentials (employment history, educational, financial, criminal and any other checks as may be necessary).
Please note that only shortlisted candidates will be contacted, and if you have not heard from us within two (2) months of submitting your application, please consider it unsuccessful.
Please note the following:
- Copies of qualifications must be available on request.
- Copies of supporting documents will not be returned.
- No late applications will be considered.
Closing Date: 15 January 2024 at 12H00