GOVERNANCE AND REGULATORY COMPLIANCE

Licensing

Mmila Fund Administrators is fully licensed by the Non-Bank Financial Institutions Regulatory Authority (NBFIRA). The company operates in strict compliance with the provisions of the Non-Bank Financial Institutions Regulatory Authority Act, the Retirement Funds Act, and associated regulations.

As a Public Interest Entity, Mmila adheres to statutory requirements outlined in the Financial Reporting Act, under the oversight of the Botswana Accountancy Oversight Authority (BAOA). This commitment underscores Mmila’s dedication to transparency, accountability, and sound financial management.

Ownership and Shareholder Oversight

Mmila Fund Administrators is incorporated under the Companies Act of Botswana and is wholly owned by the Debswana Pension Fund. The Board’s accountability framework is defined by the Shareholder Compact, which outlines its reporting obligations to the Debswana Pension Fund Board of Trustees. This structure ensures that Mmila’s operations align with the overarching objectives of its sole shareholder.

OUR COMMITMENT TO EXCELLENCE

Through strong governance and unwavering regulatory compliance, Mmila Fund Administrators continues to uphold its reputation as a trusted partner in fund administration, committed to securing the financial future of its clients.

The BOARD OF DIRECTORS

The Board of Directors at Mmila Fund Administrators plays a pivotal role in shaping the company’s strategic vision and ensuring adherence to the highest standards of ethical conduct and corporate governance. Entrusted with determining corporate policy and providing strategic direction, the Board’s mandate is executed in compliance with statutory obligations and internationally recognized best practices. The Board’s composition is carefully curated to reflect a diverse range of expertise, experience, and the ability to provide meaningful contributions to the Company’s growth and success. At any given time, the Board consists of no fewer than five members, including the Chairman. The Chief Executive Officer participates as an ex officio member, ensuring seamless alignment between executive management and governance.

BOARD COMPOSITION

The Board of Mmila Fund Administrators represents a blend of seasoned professionals whose collective knowledge spans multiple disciplines, ensuring robust oversight and strategic guidance. The selection process prioritizes qualifications, expertise, and the ability to contribute effectively to the Company’s mission of delivering service excellence in fund administration.