The Board is accountable for the development and execution of WISA’s strategy, operational performance and financial results. Its primary responsibilities include determining WISA’s purpose and values, providing strategic direction to WISA, monitoring WISA’s performance against agreed objectives, deciding on significant financial matters and reviewing the performance of executive management against defined objectives, amongst others. The Board is the focal point of WISA’s corporate governance system and remains ultimately accountable and responsible for its performance and affairs. The roles and responsibilities of the Board are set out in the Board Charter, built on the foundation of the WISA Memorandum of Incorporation and the Rules of the Company. The Board composes of both elected and independently appointed Directors, majority of the Directors are elected by the WISA members. WISA’s current Board is as follows:

Achim Wurster

Director: Chairman
Elected: May 2016

Dr Nezar Eldidy

Director: Vice Chairman
Elected: December 2017

Gorden Walters

Director: Finance, Audit & Risk
Elected: November 2016

Dan Naidoo

Director: Stakeholder Engagement
Elected: June 2019

Prof Mike Muller

Director: Technical Committee
Elected: April 2020

Natasia van Binsbergen

Director
Elected: May 2017

Dr Inga Jacobs-Mata

Director
Elected: June 2019

Sanele Mazibuko

Director
Elected: June 2019

Dr Lester Goldman

Chief Executive Officer
Appointed: January 2014

Corporate governance

WISA is committed to maintaining a high standard of corporate governance and the Board is fully ommitted to creating value for members in a balanced, ethical and sustainable manner. The Board seeks to ensure that good governance is practiced at all levels and that it is an integral part of WISA’s operations.

The Board is the focal point of WISA’s corporate governance system and remains ultimately accountable and responsible for its performance and affairs.

A culture of compliance with applicable laws, regulations, internal policies and procedures has been established within WISA. The Board has established a Board Committee that addresses and advises on corporate governance. This committee utilises Task Teams or individuals to assist and advice when required. This Committee is currently undertaking a revision process of the WISA MOI, to be followed by other reviews, to ensure compliance to all relevant legislation and best practice.

Application of and Compliance with King III and King IV

The Board endorses the principle of openness, integrity, sustainability, transparency, fairness, responsibility and accountability advocated by the King Code of Governance for South Africa, King III and recently released King IV. The WISA Board focuses on:

Setting and steering WISA direction.

Approving policy and planning.

Overseeing and monitoring WISA’s performance.

Ensuring accountability.