Corporate Governance

National Blood Service Zimbabwe is committed to the highest standards of corporate governance and its subscribers to the principles of corporate governance enshrined in the King III Report.

Board of Directors and board procedures

The Board currently consists of 11 non-executive directors with diverse business experience and the NBSZ Chief Executive Officer (CEO). The Board meets at least 4 times a year and more frequently as and when a business requirement dictates. Appropriate information is given to directors to enable them to effectively discharge their responsibilities. The Board is responsible for the overall direction of National Blood Service Zimbabwe. Authority for implementing policies is delegated to the CEO. There are four board committees as outlined below:

Audit Compliance and Risk Committee: The purpose of the Committee is to assist the Board fulfil its governance and oversight responsibilities relating to: (i) Financial accounting practices and reporting (ii) Risk management (iii) Internal controls and audit (iv) External audit function (v) Compliance with legal and regulatory requirements
In addition, the Committee also provides oversight of the Service’s (i) Taxation activities; (ii) Treasury activities; (iii) Financial management and cash position; (iv) Reviews new and existing business policies relating to its scope of activities; and (v) supports financial ethical conduct within the Service.

Technical Committee:  The primary objective of the Technical Committee is to review current medical, scientific and technical reports relating to adequacy and safety of blood products and safe blood transfusion practice from whatever source in order to strengthen safe blood transfusion practice “from vein to vein” in Zimbabwe.

Governance and Strategy Committee: The Committee was constituted to consider and recommend to the Board a set of governance principles, including providing insights on culture and values. This role encompasses overseeing compliance with the good governance principles in line with the strategic priorities, including the provision of approvals where required. The Committee will ensure that the board and its committees should have the appropriate balance of skills, experience, independence and knowledge of the company to enable them to discharge their respective duties and responsibilities effectively

Remuneration and Human Resources: The purpose of the RHR Committee of the Board is to oversee and assist the Board in fulfilling the Human Resources related obligations.

  1. The Committee will also oversee the Remuneration and Human Resource issues of the Board and the Service
  2. The committee will also oversee remuneration and travel policy for the Non-Executive


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