The Board of Trustees has a fiduciary duty to act in good faith, with due diligence and care, and in the best interests all our stakeholders, which include in-service members, deferred pensioners, pensioners and beneficiaries. The Board is ultimately accountable and responsible for the performance and affairs of the EPPF, provides strategic direction and leadership, ensures good corporate governance and ethics, determines policy, agrees on performance criteria and delegates the detailed planning and implementation of policy to the Executive Management.
The Board has approved a Board Charter which forms part of our Governance Framework and provides guidance to the Board members in discharging their duties and responsibilities. The Board members also have unrestricted access to all EPPF information.
The Board is also responsible for managing a successful and productive relationship with the Principal Employer and relevant stakeholders. The Board meets at least once a quarter and monitors Executive Management’s compliance with policy and its achievements against pre-determined objectives. Additional meetings may be convened when major issues arise that need urgent resolution.
A structured approach is followed for delegation, reporting and accountability, which includes reliance on various Board Committees. The Chairman of the Board guides and monitors the input and contribution of the Board members.