Corporate governance is the process and structure used to direct and manage business affairs of the company towards enhancing prosperity and corporate accounting with the ultimate objective of realizing stockholder’s long term value..
The company conducts its operations in accordance with the principles of good corporate
governance as provided in the Water Services Regulatory Board (WASREB) guidelines and
Water Act 2016 provisions. WASREB conducts governance audit to ensure good corporate
The composition of the Board is compliant with good corporate governance practices and
WASREB regulations. The roles of the Chairman and the Managing Director are segregated. The
Managing Director is in charge of the day to day running of the business of the company. A non-
executive director acts as the chairman of the Board. The current Board is composed of
Managing Director and nine other directors drawn from various stakeholders. The Board is
therefore composed of committed individuals with diverse and complementary skills to ensure
that there is sufficient wealth of experience at Board level.