Corporate Governance at CEC Africa Investments Limited
Commitment to Strong Governance and Ethical Leadership
CEC Africa Investments Limited (CECA) is committed to upholding the highest standards of corporate governance, ensuring transparency, accountability, and ethical leadership in all aspects of its operations. The company recognizes that strong governance is the foundation of sustainable business growth, investor confidence, and stakeholder trust. CECA’s governance framework is designed to foster long-term value creation, aligning business objectives with regulatory compliance, risk management, and ethical decision-making.
Guided by global best practices and the principles of corporate responsibility, CECA is committed to conducting business with integrity and fairness. The company ensures responsible leadership through a robust board structure, well-defined governance policies, and effective oversight mechanisms. By adhering to these principles, CECA safeguards the interests of its investors, employees, customers, and communities while reinforcing its position as a trusted leader in Africa’s energy investment sector.
Board of Directors
The CECA Board formulates the company’s overall strategy and policies, with a core responsibility to promote the long-term success of the company while delivering sustainable shareholder value.
Key Responsibilities
- Strategic leadership and oversight of corporate performance.
- Ensuring financial integrity and risk management.
- Promoting ethical business practices and corporate accountability.
The role of the Board is to determine overall policies, plans and strategies of the Group and to ensure that these are implemented in an ethical and professional manner. The Board meets regularly, at least four times a year, and guides corporate strategy, risk management practices, annual budgets and business plans.
Special Board meetings may be convened on an ad-hoc basis when necessary to consider issues requiring urgent attention or decision. The Company Secretary maintains an attendance register of Directors for all scheduled meetings during the year through which Directors can assess their devotion of sufficient time to the Group.
The Board has overall responsibility for ensuring the integrity of the Group’s accounting and financial reporting systems including the independent audit, and that appropriate systems of control, risk management and compliance with laws are in place.
To ensure effectiveness, Board members have unfettered access to information regarding the Group’s operations which is available through Board meetings, Board and Management Committees as well as Strategic Planning workshops organised by the Group. Directors may, at the Group’s expense, seek independent professional advice concerning the Group’s affairs.
The Board appointments are made to ensure a variety of skills and expertise is represented on the Board. A third of the Directors are required to retire on a rotational basis each year along with any Directors appointed to the Board during the year.
Executive directors are employed under performance driven service contracts setting out responsibilities of their particular office.
