Corporate Governance

The Statistics Botswana Board as the custodian of corporate governance, continually reviews and improves corporate governance practices by benchmarking against accepted best practices and King III Principles.

Governance Structures

The Board is dedicated to the implementation of effective structures, policies and practices that improve corporate governance and create sustainable value for Statistics Botswana's shareholder and stakeholders. The Board, in fulfilling the latter, has constituted the following Board sub-committees:

  • Finance and Audit Committee
  • Human Resources Committee
  • Tender Committee
  • Finance and Audit Committee

The main responsibility of the Finance and Audit Committee is to assist the Board in discharging its responsibilities of monitoring financial controls, accounting systems and reporting, management of risk and internal control systems. The Committee is also responsible for the monitoring of the effectiveness of external and internal auditors.

Human Resources Committee

The committee is responsible for advising the Board on human capital and transformation processes affecting employees, as well as on the remuneration policies within Statistics Botswana. Furthermore the Committee approves guidelines for incentive schemes in line with the organization’s performance management principles.

Tender Committee

The main function of the Board Tender Committee is to examine, authorize and award all procurement of goods, works and services whose value is above Management Tender Committee authority limits.

Governance Instruments

Statistics Botswana has a Board Charter and a Shareholder Compact. The Board Charter regulates the conduct of the Board’s business in accordance with sound corporate governance principles. Amongst other objectives, the Board Charter clearly outlines the Board’s duties and responsibilities, thereby differentiating Board and Management roles, as well as individually and collectively committing to specific deliverables. The Shareholder Compact is essentially the contract between the Board and the Shareholder (Government).

Board Directors are required to declare beforehand, conflicts of interest or potential conflicts of interest that may exist in relation to any particular transaction of Statistics Botswana. Whilst best practices on such issues have been followed, instruments such as the Board Charter provide the needed guidelines and procedures.In line with statutory requirements, Board meetings serve amongst others, to address strategic issues.