The Supervisory Board
Our client has a two-tier board structure in accordance to a European corporate governance framework, with a Supervisory Board (non-executive) and Management Board (executive). The Supervisory Board is responsible for supervising the Management Board’s activities in developing and implementing the business strategy and managing the principle risks associated with it. The Supervisory Board supervises the policies carried out by the management board and the general affairs of the company, with focus on the effectiveness of the company’s internal risk management and control systems and the integrity and quality of the financial reporting.
The Supervisory Board Directors shall always act independently and in the best interests of the company, and to that end, shall weigh the relevant interests of all the company’s stakeholders, including clients, staff and shareholders. The Chair of the Supervisory Board works with the CEO to set the agenda of the Supervisory Board meetings and chairs the meeting, stimulating and open and balanced discussion. Their role is to make sure that supervision and support are effective, proactive and constructive, based on a deep understanding of the company, its customers and the business environment.
The supervisory board will be expected to self-evaluate its own performance and that of its committees on an annual basis on the following four categories:
i. Strategy and business;
ii. Monitoring and risk management;
iii. Board dynamics and processes; and
iv. Composition and diversity.
We are seeking three new Directors for the Supervisory Board, including the role of the Chair.
We are seeking to create a strong and effective Supervisory Board with experience and track record in the African renewable energy sector, relevant subject matter expertise and corporate governance. Between the three positions, we are looking for the following key characteristics:
Direct experience in the renewable energy sector, preferably in Africa, either in an operational role or as an investor / lender role in the sector
Experience working in Sub-Saharan Africa, preferably East Africa
Strong credit management expertise and experience
Relevant qualifications and experience in Finance and Accounting to Chair the company's Audit Committee (sub-committee of the Supervisory Board)
Experience with strategic sale, corporate financing structures / SPVs
Experience with early stage companies and leading change management / transition programmes
Strong commercial mindset, with experience in building profitable businesses
Ugandan or regional candidates with the relevant business networks are strongly preferred especially if based in the region or willing to spend time in country to be closer to the management
Focus on safety, ethics and compliance
Prior experience as a Board Director; ideally with knowledge of corporate governance framework and demonstrated ability to apply corporate governance principles in Board roles (For the Chair role, >10 years C suite / Board Chair experience preferred)
Experience of working with multi-cultural teams
Strong inter-personal skills, ability to constructively challenge and support the management team
We are committed to create a diverse and inclusive Board and would welcome applications from candidates who bring gender and cultural diversity to the Board.
You are committed to building commercially sustainable businesses to address the energy challenge in Africa. You can think strategically and look at the bigger picture, but at the same time bring a sense of urgency to get things done. You encourage open and constructive debate but can prioritise decisions and actions. You will hold people accountable to deliver on their commitments. People love to work with you because you are candid, positive and respectful. You are resilient, can adapt to changes and used to working in challenging business environments.
What to expect
The Supervisory Board meets in person usually in Kampala (or Nairobi) every quarter, typically over 1.5 days. In additional to the formal Board meeting (typically a full day) this may include strategy sessions, subject matter sessions, Board committee meetings, wider staff engagements and field visit.
In addition, there is a monthly call (60-90 minutes) to review business performance and progress against business plan targets.
As part of the onboarding process, you will be expected to spend 2-3 days in Uganda in the headquarters and in the field to get acquainted with the market, the company and the team.
You may also be expected to Chair or participate in relevant committees or working groups.
There may be periods of heightened activity when you may have to join additional calls or meetings (eg around fund raising activities)
The appointment is for a period of two years, with the option to extend.
The company compensated the costs of travel and accommodation and offers and appropriate remuneration for your time.