Human Capital and Remuneration Committee Independent Member

The OPFA is inviting applications from members of the public to serve on the HCRC of the OPFA for a period of three (3) years. The overarching role of the HCRC is to provide oversight of the OPFAs people and remuneration strategy ensuring alignment with overall business objectives and promoting long-term value creation and sound governance. Some of the specific responsibilities of the HCRC include:

Human capital and remuneration matters:

• Exercise oversight over the governance and compliance of OPFAs remuneration practices philosophy regulations and standards.
• Review the organisations remuneration framework and terms and conditions to ensure the attraction retention and motivation of highperforming and skilled employees.
• Consider internal and external factors that may influence OPFAs remuneration practices and organisational culture.
• Provide advice to the Accounting Authority on a human resources strategy that promotes effective talent management robust succession planning and compliance with applicable legislation labour laws and best practices.
• Exercise oversight over employee training development and performance to ensure alignment with OPFAs longterm strategic objectives.

Social and Ethics matters:

• Oversee the development and implementation of the OPFAs ethics strategy policies and standards to guide the staff and stakeholder management strategy.
• Evaluate the processes to develop the Code of Ethics and conduct reporting channels to report observed misconduct and Ethics performance and reporting to the Accounting Authority.
• Evaluate the OPFAs ethics risk assessments.
• Monitor the OPFAs compliance with ethical social environmental responsibilities and any relevant legislation legal requirements or prevailing codes of best practice.
• In line with the King V Report oversee OPFAs ethics responsible corporate citizenship and stakeholder relationship management.
• Provide advice on how the OPFAs activities and strategic objectives impact the environment society public health and safety and economic development.
• Provide advice to the Accounting Authority on the implementation of and progress against targets set out in the Employment Equity Plan and BroadBased Black Economic Empowerment framework.

Nomination:

• Oversee succession planning for Committees and key executives.
• Evaluate and provide advice to the Accounting Authority about the balance of skills knowledge experience and diversity on the governance committees.
• Oversee the process of committee evaluation and ensure effective implementation of recommendations to improve effectiveness.
• Develop and provide oversight on training and development of governance committee members to ensure strong qualified and competent governance committees.

The term of appointment is three (3) years and may be renewed at the OPFAs discretion. Remuneration will be in accordance with National Treasury guidelines and/or OPFA predetermined rates.

Time commitment: Approximately 4 meetings per year (virtual/in-person) plus preparation time to review committee packs.

Role overview of Members (key responsibilities):

• Prepare adequately for meetings.
• Attend scheduled and special committee meetings.
• Participate actively objectively and courageously in committee meetings and activities.
• Challenge and interrogate management assumptions and proposals.
• Adhere to the Committee Code of Conduct and other applicable policies of the OPFA.

• A relevant bachelors degree.
• A postgraduate degree in social sciences finance/accounting business administration governance law or administration would be advantageous.
• At least 5 years of executive management business administration or governance experience.
• Previous experience serving on a board or committee of a public entity will be an added advantage.
• Membership in a relevant professional body is a minimum requirement. (e.g. Institute of Directors in South Africa Legal Practice Council Health Professions Council of South Africa South African Institute of Chartered Accountants etc.)
• Knowledge and understanding of the Public Finance Management Act 1999 (PFMA) Treasury Regulations the Companies Act King V principles on corporate governance and other relevant legislation and regulatory frameworks.
• Must not be a disqualified person as per Section 69 of the Companies Act 2008.

How to apply:

• Interested candidates must:
  • Visit our website on: a cover letter and a comprehensive resume.
  • Please submit documents in PDF format where possible.
• For enquiries: Please contactMs. Lulekwa Ngcwabe via email at

The OPFA is an equal opportunity organisation that promotes diversity and inclusion and persons living with disabilities are strongly encouraged to apply.

The OPFA reserves the right not to make an appointment. If you do not receive any response within 3 months of the closing date please accept that your application has been unsuccessful. Regret correspondence will only be sent to interviewed candidates. All costs associated with the application will be borne by the applicant. Late applications will not be considered.

In accordance with the Protection of Personal Information Act (POPIA) 4 of 2013:

All candidate personal information is treated with confidentiality and the highest level of security. Should you not be shortlisted for the vacancy that you have applied for OPFA will retain your information on our candidate database for a period of 12 months in the event that you may meet the criteria of a future suitable position which may match your profile and which we will contact you directly for your authorisation to proceed with your application. Should you wish to no longer be listed with us we will proceed to remove your personal information from our database with your instruction in accordance with the POPIA guidelines.