Human Capital and Remuneration Committee Independent Member at Office of the Pension Funds Adjudicator

 Human capital and remuneration matters:

• Exercise oversight over the governance and compliance of OPFA’s remuneration practices, philosophy, regulations, and standards.
• Review the organisation’s remuneration framework and terms and conditions to ensure the attraction, retention, and motivation of high‑performing and skilled employees.
• Consider internal and external factors that may influence OPFA’s 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 OPFA’s long‑term strategic objectives.

Social and Ethics matters:

• Oversee the development and implementation of the OPFA’s 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 OPFA’s ethics risk assessments.
• Monitor the OPFA’s 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 OPFA’s ethics, responsible corporate citizenship, and stakeholder relationship management.
• Provide advice on how the OPFA’s 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 Broad‑Based 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.

 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.

Requirements

• A relevant bachelor’s 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.