Role and responsibilities
The Board of Directors is the supreme decision-making and strategic guidance body of SEGUB. In accordance with the company's statutes and the concession agreement signed with the Beninese government, it has the broadest powers to act on behalf of the company in all circumstances.
The Board defines strategic directions, approves action plans and budgets, monitors the management of the General Management and ensures the quality of the information provided to stakeholders.
Composition of the Council
The SEGUB Board of Directors is composed of three (03) members representing the Beninese State.
Auditor
Appointed by the Council of Ministers.
How the Council Works
Meetings
The Council meets as often as necessary upon the call of its President. Decisions are taken by a majority of the members present or represented; in the event of a tie, the President has the casting vote.
Main responsibilities
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Strategy Definition : medium and long-term orientations and approval of action plans.
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Management control : review and approval of annual budgets, monitoring their execution by the General Management.
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Approval of accounts : closing of the annual accounts and proposal for allocation of results.
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Pricing policy : approval of the price list for the Single Window services in consultation with the competent authorities.
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Stakeholder Relations : ensures the quality of relations with the State, economic operators and technical and financial partners.
Principles of governance
Transparency
Regular publication of reliable information on the company's activities, results and prospects.
Responsibility
Clearly defined roles between governance bodies and management, with effective control mechanisms.
Equity
Fair treatment of all stakeholders, respecting their rights and legitimate interests.