Committees

Committees 2017-11-22T05:00:00+00:00
How We Are Governed

Committees

The CEC Board of Directors has established a number of sub-committees to oversee the operations of the Company, each of which is chaired by a non-executive Director.

It has delegated its authority in certain matters covering ongoing operational issues to an Executive Committee. The Executive Committee has regular contact with the management to ensure that decisions taken by management have the approval, support and input of the Board of Directors.

The Committee’s key mandate is to ensure that management of SHE matters in the Company is aligned with the overall business strategy of the Company and is geared towards attainment of its commitments and obligations in these fields. The Committee comprises four Non-Executive Directors; two Executive Directors and three members of senior management.

Committee Memberships

  • Dr Sixtus Mulenga (Chairperson)
  • Caroline Sinkamba (Secretary)
  • Taimoor Labib
  • Abel Mkandawire
  • Mildred Kaunda
  • Owen Silavwe

Related files


SHE Committee Charter
Health and Safety Policy
Environmental Policy

The Board of Directors has an Executive Committee whose role is to oversee the major operations of the business including key customer issues, stakeholder management, financial performance, capital projects and management issues. The Committee provides a quick feedback and decision making process for matters pending formal or full Board approval, restricted, however, to its mandate. The Committee is critical to the success of the Company. This Committee meets as and when required between scheduled meetings. The Committee, however, has four scheduled meetings.

Committee Memberships

  • Munakupya Hantuba (Chairperson)
  • Julia Chaila (Secretary)
  • Hanson Sindowe
  • Ronald Tamale
  • Michael J. Tarney
  • Reynolds Bowa
  • Owen Silavwe

Related files


Executive Committee Charter

The Board has an Audit Committee comprised solely of Non-Executive Directors. The Committee provides oversight on the effectiveness of the Group’s financial reporting systems and accuracy of information and that the Group’s published financial statements represent a true and fair reflection of this position. The Committee ensures that appropriate accounting policies, controls and compliance procedures are in place and also risk management, compliance management and other internal control activities in the Company. Meetings are attended by senior management and the Company’s external auditors as required.

Committee Memberships

  • Joe M. Chisanga (Chairperson)
  • Bbenkele Haachitwe (Secretary)
  • Taimoor Labib
  • Mildred Kaunda
  • Ronald Tamale

Related files


Audit Committee Charter

The Committee oversees employee remuneration and Mineworkers Union of Zambia (MUZ) wage negotiations, key organisational changes, management and leadership development, pension scheme arrangements, training and employee development policies.

The Committee is currently chaired by a Non-Executive Director. The Committee is responsible for formulating remuneration policies and principles that promote the success of the Company. This Committee is responsible for senior management appointments, organisational structure, reviewing arrangements for succession planning and management development, and determining the remuneration of employees.

Committee Memberships

  • Abel Mkandawire (Chairperson)
  • John Simachembele (Secretary)
  • Owen Silavwe
  • Taimoor Labib
  • Mildred Kaunda
  • Dr. Sixtus Mulenga

Related files


Remuneration and Employee Development Committee Charter

In order to provide oversight of the Company’s business growth areas at Board level, a Committee is in place whose responsibility is to review and approve the Company’s new investments and related matters. The Committee has four scheduled meetings during each year with provisions to hold ad hoc meetings as necessary.

Committee Memberships

  • Reynolds Bowa (Chairperson)
  • Lizzie Muwowo (Secretary)
  • Hanson Sindowe
  • Michael Tarney
  • Munakupya Hantuba
  • Ronald Tamale
  • Taimoor Labib
  • Owen Silavwe

The Committee is tasked with the responsibility of considering candidates for appointment to the Board and making recommendations for approval of Independent Directors, whose appointments are undertaken by the shareholders at the general meetings of the Company. The Nominations Committee makes appropriate recommendations for appointment of Directors, following a careful and considered evaluation of the balance of skills, knowledge and experience and that there is diversity in Board membership.

Committee Memberships

  • Hanson Sindowe (Chairperson)
  • Julia Chaila (Secretary)
  • Abel Mkandawire
  • Munakupya Hantuba

The purpose of the Risk Committee (“the Committee”) shall be to assist the respective Board of Directors of the CEC Group companies’ in their oversight of the companies’ management of key risks, including strategic and operational risks, as well as the guidelines, policies and processes for monitoring and mitigating such risks. The Committee’s role shall include reviewing the effectiveness of the Group companies risk management systems, practices and procedures and provide recommendations for improvements where necessary. In performing its duties, the Committee will maintain effective working relationships with the respective Boards of Directors, Management, Quality & Compliance and Internal Auditors.

Committee Memberships

  • Ronald Tamale (Chairperson)
  • Mevis Chisanga (Secretary)
  • Joe Chisanga
  • Michael Tarney
  • Reynolds Bowa
  • Owen Silavwe

Related files


Risk Committee Charter