Governance

Overview

“Accountability breeds responsibility” ~ Stephen R. Covey

PSB Architects and Civil Engineers (PACE) recognises that accountability and transparency are fundamental to investor trust and commercial sustainability. In order to provide a clear and transparent view of how the organisation is run, and by who, along with the responsibilities and principles that guide and inform its decision-making, the corporate governance structures and processes of the organisation are outlined in detail on this website.

Guiding Principles

Through its board of directors, PSB Architects and Civil Engineers endorses, and is committed to the recommendations of:

• The King Code of Corporate Governance Principles for Botswana (King IV).
• The Companies Act

PSB Architects and Civil Engineers recognises that being a ‘Good Corporate Citizen’ requires the organisation to deliberate and act with fairness, responsibility, transparency and accountability, and to consider more than just its financial performance, appraising the short and long-term impacts of it operations on society and the environment at the same time.

Governance Structure

The following outlines the governance structure of PSB Architects and Civil Engineers as an organisation.

The Board

The Board of PSB Architects and Civil Engineers is responsible for setting the strategic objectives of the organisation. It retains full and effective control of the company and is responsible for the implementation of the corporate vision of the organisation. The board has the authority to appoint and remove the Chief Executive Officer (CEO) of the Company.

The Board of Directors recognises its central, pivotal role from the perspective of governance and its responsibility to ensure the organisation conducts itself in a fair, responsible, transparent and accountable manner. The Board determines the values and ethics of PSB Architects and Civil engineers and has introduced a code of Conduct, which describes a clear set of values, policies and procedures and applies to all employees. The code of conduct is regularly reviewed and if necessary, amended.

While the Board retains overall accountability for the organisation, it delegates the daily running of the group to the CEO and the Executive Committee (Exco). The Exco assists the CEO in the day-to-day management of the Group. It provides organisational direction on behalf of the Board of Directors and is responsible for all material matters not directly managed by the Board. Exco recommends policies and strategies to the Board and, once these have been approved, monitors and coordinates the implementation o these strategies. The Board also delegates specific responsibilities to a board of committees.

Executive Committee

The Executive Committee (Exco) assists the CEO in the day-to-day management of the Group. It is responsible for all material matters that are not the responsibility of the Board. It recommends policies and strategies as well as monitors and coordinates the implementation of these strategies.