Role and responsibilities
The Board of Directors is the supreme decision-making and strategic direction body of SEGUB. In accordance with the company's statutes and the concession agreement signed with the State of Benin, it has the broadest powers to act in all circumstances on behalf of the company.
The Council defines strategic directions, approves action plans and budgets, controls the management of the General Directorate and ensures the quality of information provided to stakeholders.
Composition of the Council
The Board of Directors of SEGUB is composed of three (03) members representing the State of Benin.
Auditor
Appointed by the Council of Ministers.
How the Council Works
Meetings
The Council meets as often as necessary at 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's vote prevails.
Main responsibilities
-
Strategy definition : medium and long-term orientations and approval of action plans.
-
Management control : review and approval of annual budgets, followed by their execution by the General Management.
-
Approval of the accounts : Finalization of annual accounts and proposal for allocation of results.
-
Pricing Policy : approval of the One Window service fee schedule in consultation with the relevant authorities.
-
Stakeholder relations : ensures the quality of relations with the State, economic operators and technical and financial partners.
Governance principles
Transparency
Regular publication of reliable information on the company's activities, results and outlook.
Responsibility
Clearly defined roles between governing bodies and management, coupled with effective control mechanisms.
Equity
Fair treatment of all stakeholders, respecting their rights and legitimate interests.