Regulatory, Corporate Governance and Risk
Group Head : Andile Fekisi
THE PURPOSE of the Business Unit is to facilitate, coordinate and oversee the creation and maintenance of a sound corporate governance environment, in order to ensure that the business of the Group is conducted in an ethical, responsible, compliant and sustainable manner.
This purpose is supported by the following broad objectives
- To create a versatile corporate governance environment
- To establish a sound legislative environment
- To develop, review policies & systems procedures
- To create and maintain high performance standards,
- To maintain creativity & innovation
- Appreciation of strategy, risk, sustainability complex
- To position the company as a responsible social corporate citizen
The Composition and Structure:
The Business Unit is organized into three broad areas as follows:
- Risk Management and Compliance
- Legal and Contracts
- Policy, Research and Development, and Innovation
Policy Function
PURPOSE: To ensure that policies underpin and communicate the guiding and governing principles on which the organization is based, with the sole intention of supporting the vision and mission of OPECS. This is to assist in channelling actions, behaviour, decisions and practices in directions that promote good strategy execution for the Group. To ensure that OPECS remains competitive in changing markets through research and innovation
Research & Development Function
PURPOSE: Facilitation of research to support the business’s growth and development
Knowledge Management and Innovation Function
PURPOSE: To manage information and knowledge better for the benefit of the organisation and its stakeholders and influence policy and practice in water treatment technology, as well as professional services through knowledge creation and dissemination.
Legal-Management of Litigations
PURPOSE: Assist in facilitating, coordinating and overseeing of the management of all the legal matters of the company.
Contracts Management
PURPOSE: Assist in facilitating, coordinating and overseeing of the management of all the contracts made with employees, partners, suppliers, and vendors amongst others.
PURPOSE: Facilitate, coordinate and oversee development of risk management framework and maintenance of a robust risk culture for the Group, to ensure business is conducted in an ethical, responsible, compliant and sustainable manner