Human Capital and Remuneration Committee Independent Member

Overview

Human Capital and Remuneration Committee Independent Member Jobs in Pretoria, South Africa at Office of the Pension Funds Adjudicator

The OPFA is inviting applications from members of the public to serve on the HCRC of the OPFA for a period of three (3) years. The overarching role of the HCRC is to provide oversight of the OPFA’s people and remuneration strategy, ensuring alignment with overall business objectives and promoting long-term value creation and sound governance. Some of the specific responsibilities of the HCRC include:

Human capital and remuneration matters:

• Exercise oversight over the governance and compliance of OPFA’s remuneration practices, philosophy, regulations, and standards.
• Review the organisation’s remuneration framework and terms and conditions to ensure the attraction, retention, and motivation of high-performing and skilled employees.
• Consider internal and external factors that may influence OPFA’s remuneration practices and organisational culture.
• Provide advice to the Accounting Authority on a human resources strategy that promotes effective talent management, robust succession planning, and compliance with applicable legislation, labour laws, and best practices.
• Exercise oversight over employee training, development and performance to ensure alignment with OPFA’s long-term strategic objectives.

Social and Ethics matters:

• Oversee the development and implementation of the OPFA’s ethics strategy, policies and standards to guide the staff, and stakeholder management strategy.
• Evaluate the processes to develop the Code of Ethics and conduct, reporting channels to report observed misconduct, and Ethics performance and reporting to the Accounting Authority.
• Evaluate the OPFA’s ethics risk assessments.
• Monitor the OPFA’s compliance with ethical, social, environmental responsibilities and any relevant legislation, legal requirements, or prevailing codes of best practice.
• In line with the King V Report, oversee OPFA’s ethics, responsible corporate citizenship, and stakeholder relationship management.
• Provide advice on how the OPFA’s activities and strategic objectives impact the environment, society, public health and safety, and economic development.
• Provide advice to the Accounting Authority on the implementation of, and progress against, targets set out in the Employment Equity Plan and Broad-Based Black Economic Empowerment framework.

Nomination:

• Oversee succession planning for Committees and key executives.
• Evaluate and provide advice to the Accounting Authority about the balance of skills, knowledge, experience and diversity on the governance committees.
• Oversee the process of committee evaluation and ensure effective implementation of recommendations to improve effectiveness.
• Develop and provide oversight on training and development of governance committee members to ensure strong, qualified and competent governance committees.

The term of appointment is three (3) years and may be renewed at the OPFA’s discretion. Remuneration will be in accordance with National Treasury guidelines and/or OPFA predetermined rates.

Time commitment: Approximately 4 meetings per year (virtual/in-person), plus preparation time to review committee packs.

Role overview of Members (key responsibilities):

• Attend scheduled and special committee meetings.
• Participate actively, objectively and courageously in committee meetings and activities.
• Challenge and interrogate management assumptions and proposals.
• Adhere to the Committee Code of Conduct and other applicable policies of the OPFA.

Interested candidates must submit the following:

• Please submit documents in PDF format where possible.

To apply and access the full advert please visit our website on: https://(Use the “Apply for this Job” box below)./vacancies

Enquiries:
Ms. Lulekwa Ngcwabe at  / Lulekwa.

Ngcwabe.za. Applications received after the closing date and time will not be considered.

The OPFA is an equal opportunity organisation that promotes diversity and inclusion, and persons living with disabilities are strongly encouraged to apply.

The OPFA reserves the right not to make an appointment. If you do not receive any response within 3 months of the closing date, please accept that your application has been unsuccessful. Regret correspondence will only…

Title: Human Capital and Remuneration Committee Independent Member

Company: Office of the Pension Funds Adjudicator

Location: Pretoria, South Africa

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