The Board of Directors and Management of the National Social Security & Welfare Corporation (NASSCORP) recently concluded a three-day retreat in the port city of Buchanan, Grand Bassa County.
The retreat brought both groups together from the performance review and self-assessment as the corporation gear up for the implementation of its new Act.
Welcoming participants to the gathering, Chairlady, Miata Beysolow reminded them that good governance should be the central focus in the fulfillment of their respective mandates. She added that the overall expectation of each individual at the end of the retreat was to ensure improved services to beneficiaries.
The NASSCORP board chairlady made a presentation on good governance and referred to accountability, transparency, predictability, participation and dynamism as being at the heart of good governance.
Madam Beysolow provided insights into the board’s role and responsibilities regarding good governance, stressing that there much be clarity in the powers and responsibilities of the board and the management.
Speaking further on the good governance, Chairlady Beysolow said suitability and competence should be the yardstick for the selection of the board and the head of management, and called for the setting of performance standards for the board and management to ensure that NASSCORP efficiently and effectively performs its mandate.
On transparency, Madam Beysolow said there should be clear and prudent information disclosure for all stake holders, and that beneficiaries must be regularly and timely informed of their duties, responsibilities and rights as a means of ensuring predictability.
Making a presentation on Rist Management, DONATO Group’s Country Director Alexander Marshall said the ultimate objective of Executive Risk Management is to ensure that risks are identified and solutions found to mitigate them, adding, “Risks Management is a continuous process of control.”