The Board

The Board

The supreme governing body of the EICG is the General Assembly of its members that is held annually. In order to bolster the standing of EICG, the annual assembly could be organized in conjunction with a Corporate Governance Forum held yearly to reach wider audience of the business community.

The management body of EICG would be the Board of Directors, consisting of 6 members elected by the General Meeting for a period of three (3) years. The Board of Directors appoints a Chief of Executive Officer (CEO) who will be empowered to decide the terms and conditions of EICG personnel; the CEO will also be tasked with the supervision of the personnel employed by EICG. The General Assembly may also create necessary committees such as nomination/election, audit, membership and others as needed to serve in parallel with the Board, including advising the Assembly in areas of importance and urgency.

The Board Comitee

The Board of Directors, in order to discharge its responsibilities better, has among other things decided to create a transparent, accountable and efficient governance structure within itself. For that reason, the Board established six Board Committees – Planning and Budget, Membership Affairs, Human Resource and Administration, Education and Training, External Relations and Audit Committees

  • Board Planning and Budget Committee

    Members: - Tihitina Legesse and Asfaw Alemu
    Main Responsibilities:
    • Assists and insure that EICG has strategic plan that is shared and owned by the Board and management;
    • The Strategic plan is executed through clearly articulated annual plans;
    • Long term funding is secured for EICG for three to five years by ensuring that a funding document is prepared and regularly updated as necessary;
    • In collaboration with the President and Manager of EICG, this committee is expected to contact and lobby potential donors as well as partners;
    • Annual budget of the Institute are prepared on time, deliberated and approved by the Board;
    • Periodic (quarterly, six month, nine month and annual) performance reports are prepared by the management and are deliberated upon the Board;
    • Provides support to the Board and the President as may be requested from time to time.

  • Board Membership Affairs Committee

    Members: - Woubshet Hailu and Ambassador Brook Debebe
    Main Responsibilities:
    • Ensures that the Institute has a membership development strategy that is derived from and in harmony with the Strategic Plan of the Institute;
    • Supports management’s effort of new members’ recruitment;
    • Considers new applications for membership and submits its recommendation to the Board;
    • Supports the management’s effort in coaching and mentoring members and potential members around the principles and the Code of EICG. In line with this, this committee ensures the development of a members’ support manual.;
    • Ensures that a mechanism for receiving members’ complaints is put in place, handles members’ complaints and refers cases to the President or the Board as deemed necessary;
    • Ensures that a mechanism is developed and approved by the Board to handle member related disciplinary issues. As they arise and refers cases to the President and the Board as deemed necessary;
    • Supports the Board and the President on related matters as may be requested from time to time.

  • Board Human Resource and Administration Committee

    Members: - Tihitina Legesse and Ayele Assefa
    Main Responsibilities:

    • Ensures that the Institute has proper organizational structure that provides for checks and balances, accountability as well as proper flow or information;
    • Ensures that job positions are clearly identified with required qualifications for incumbents;
    • Ascertains that job positions are filled with the staff of the right caliber and experience;
    • Ensures that fair and attractive reward and benefit schemes are designed for the staff;
    • Strives that the staff are given with adequate training and exposure;
    • Ensures that the Institute has a clear human resources management policy and procedure manual;
    • Deliberates on the staff discipline matters and refers cases with recommendations to the President or the Board as deemed appropriate;
    • Oversees the procurement functions of the Institute to ensure that the Institute has a transparent and accountable procurement manual;
    • Handles other administrative issues as they arise or as may be requested from the President or the Board from time to time.

  • Board Education and Training Committee

    Members: - Ayele Assefa and Woubshet Hailu
    Main Responsibilities:

    • Ensures that the Institute has developed education and training programs as well as curriculum that respond to the Ethiopian reality and the purpose and objectives of the Institute;
    • Deliberates on qualifications and experience of external trainers for the Institute and advises the President or the management as appropriate;
    • Deliberates on possible external training, education and exposure opportunities for the Board as well as members of the Institute and refers cases with recommendation to the President or the Board as appropriate;
    • Ensures that the education and training programs are periodically evaluated for impact and regularly updated based on the learning from the evaluations;
    • Act as an editorial committee for the quarterly newsletter and other publications of the Institute;
    • Oversees the organization of annual and occasional coherences of the Institute;
    • Performs other related activities as may be requested by the President or the Board.

  • Board External Relations Committee

    Members: - Ambassador Brook Debebe and Asefa Guya
    Main Responsibilities:

    • Act as the public face of the Institute either in support of or in the absence of the President;
    • Provides official information to the public about the Institute and its activities either in support of or in the absence of the President;
    • Supports the President and the management in building cordial relations with relevant government agencies;
    • Oversees and advises the President and/or the management on the Institute’s relations with international partners and sister institutes in Africa or in the wider world;
    • Oversees the design and management of the Institute’s website and other social media accounts;
    • Oversees Radio and Print media communications of the Institute;
    • Avails itself on other related issues as may be requested by the President or the Board.

  • Board Audit Committee

    Members: - Asefa Guya and Asfaw Alemu
    Main Responsibilities:

    • Ensures that the principles and values officially embraced by the Institute are digested and properly disseminated both within the Board of Directors as well as the wider membership of the Institute;
    • Ensures that the actions and performances of the Institute are guided by and in harmony with the embraced values and principles;
    • Ensures that the Institute has adequate policies and procedures to guide its activities at various levels;
    • Ensures that once policies and procedures are approved by the appropriate organ then they are strictly heeded to;
    • Ensures that the decisions of the Board and the General Assembly of the Institute are properly recorded and are implemented;
    • Ensures that proper performance and financial audits are conducted covering the affairs of the Institute;
    • Conducts investigations around issues related to its mandates and procedures report to the President or the Board as is appropriate;
    • Performs other related duties as may be requested by the President or the Board.

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251-115-524-291

Ethiopian Institute of Corporate Governance
Mexico square, Addis Ababa Chamber of Commerce Building, Office number 209
Addis Ababa, Ethiopia
eicg@addischamber.com
Fax: +251 115 511479
P.O.Box: 2458, Addis Ababa

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