NRWDI is registered as a public entity in terms of Section 38(1) (m) of the PFMA, and classified as a Schedule 3A entity.
The governance of the Institute is entrusted to a Board appointed in accordance with the Act, with the Minister of Energy being the Executive Authority responsible for the Institute.
The Board provides policy and strategic leadership and is the Accounting Authority of NRWDI. The Chief Executive Officer and the Chief Financial Officer are ex-officio members of the Board. In charting the Institute’s work over the duration of this compilation of the Strategic Plan, with effect from 01 October 2016 the Chief Executive Officer is now responsible for the day-to-day running of the Institute, assisted by a senior management team, which includes the Chief Financial Officer and Divisional Managers.
The board is responsible for monitoring principles of corporate governance and completely aligns itself with the application of the recommendations of the King report on governance (King IV). The board is committed to corporate processes and ensures that NRWDI operations are conducted ethically, taking into account best practice.
The Board has adopted a formal charter which clearly articulates its duties and responsibilities and which is reviewed and approved annually. The Board Charter is closely aligned with King IV.
The primary responsibility of the Board is the leadership of the NRWDI, strategic direction and policy, operational performance, financial matters, risk management and compliance. It is responsible for the general management and control, exercising leadership, integrity and judgement in directing the NRWDI, based on transparency, accountability and responsibility.
The Board is the focal point of the corporate governance system of the NRWDI.
Authority for day-to-day management of the NRWDI’s activities is delegated to the management team through a Delegation of Authority Framework approved by the Board. The mandate, role and responsibilities of the board are stipulated in the board charter as set out in the NRWDI Act.
Conflict of interest is managed through mandatory annual declarations of interest. All Board members are required to declare any conflict of interest on an ongoing basis. The Board Charter details the importance of declaring any conflict of interest and contains provisions for dealing with such conflicts.
The Company Secretary has a pivotal role to play in advising the Board on its roles and responsibilities, amongst other duties. The Company Secretary maintains an arm’s length relationship with the Board and its members, and is empowered with the necessary authority and support to carry out her duties. The duties include but not limited to the following: advising the Board on business ethics and good governance; ensuring that the Board’s policies and instructions are communicated to the appropriate persons in the NRWDI; ensuring that the Board receives adequate information so as to make informed decisions; and ensuring Board induction, training and development.
The position of the Board member representative of the Department of Water affairs and forestry is currently vacant.
(* Executive Directors)
The Board of Directors has the following sub-committees:
The committee is regulated by approved terms of reference, and it is responsible for, inter alia, the review of financial performance, external audit strategy and reports, the internal audit function, risk management, budgets, PFMA compliance, fraud and corruption, information technology governance and the monitoring of CAPEX projects. The terms of reference are aligned with the requirements of the Public Finance Management Act (PFMA), treasury regulations and King IV.
The TC was appointed by the board of the NRWDI and has three non-executive board members. The executive officer and chief financial officer are permanent invitees to committee meetings while the Chief Technology Officer and Chief Operating Officer attend by invitation. The duties and functions of the Committee inter alia, includes: (i) to review the framework, policies and guidelines for radioactive waste operations; technology; research development and compliance management as far as it is relevant to the work of the committee; and (ii) to review and make recommendations to the Board of Directors on any other technical issues that may influence the Board’s decisions on radioactive management and disposal.
The S&E is appointed by the board of the NRWDI and has four non-executive board members. The executive officer and chief financial officer are permanent invitees to committee meetings while the Corporate Service Divisional Head and Chief Operating Officer attend by invitation. The S&E is responsible for advising the Board on social and ethics, safety, security and environmental as well as HR and remuneration matters. It reports to the Board in line with King IV requirements. The S&E is tasked with the overall accountability for performance monitoring against the HR Strategy, overseeing disciplinary and employment equity matters, remuneration issues, safety issues, environmental matters, HR policies and social responsibility. The S&E’s duties and responsibilities are detailed in its Board-approved Terms of Reference.