Leadership

Corporate Governance Philosophy

MTN Uganda is committed to the highest standards of governance, business integrity, ethics and professionalism. Corporate governance is the cornerstone of the Company’s approach to doing business and ensures that the Company always operates responsibly at all times. We believe that good governance enables us to live our values through enhanced accountability, corporate responsibility, a strong risk and performance management culture, transparency and effective leadership.

The Board provides oversight using a combined assurance model which considers the role of management, control functions, internal and external audit and Board committees. The Board uses a simplified governance approach in a complex environment as it strives to create shared value with the Company’s key stakeholders.

MTN continually aspires to achieve value creation through robust governance, and our governance philosophy and ecosystem is grounded on the core elements of good governance, including transparency, integrity, sound policy, stakeholder participation, accountability and anti-corruption. We deliver on our belief and ensure the relevance and sustainability of our business by monitoring the macro environment, the availability of appropriate capital inputs and our impact on these, as well as the needs of our stakeholders. All of these inform our strategy. This strategy enables MTN to maintain operational focus and deliver on our targets. Our governance processes ensure that we are a sustainable business and that creates and preserves value for ourselves and our stakeholders.

The Board’s composition is critical in steering the company’s strategy. The Board operates through focused committees that are entrusted with monitoring particular areas according to their terms of reference to effectively carry out the Board’s mandate. Through these committees, various areas of MTN’s operations and long-term objectives receive specialised, concentrated attention. The committees probe the business’ operations to ensure that the Board fulfils its responsibilities with due diligence and foresight.

The Board comprises directors with diverse skills and competencies, extensive international and local experience and insight of the business areas in which MTN operates. The Board is comfortable that it has the requisite skills and experience across its committees to discharge its responsibilities.

The Board currently has seven non-executive directors, four of whom are independent; a balance that is in line with the requirements of the CMA Corporate Governance Regulations and the Companies Act.

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