The Chairman of the Board of Directors is Mr Cheikh Sidiya El Moctar BEYE

The other members are :

• M. Mamadou NDIAYE, Technical Adviser to the Minister of Finance and Budget, Administrator;

• M. Serigne Moustapha SENE, Special Adviser to the Prime Minister, Administrator;

• M. Papa Mbaye DIEYE, Director of the Public-Private Partnership Support Fund at the Ministry of the Economy, Planning and Cooperation, Administrator;

• M. Serigne FALL, Technical Adviser to the Minister of Finance and Budget, Administrator;

• M. Babacar GNING, Director General of FONSIS.

To strengthen its governance, FONSIS has set up specialised committees emanating from the Board of Directors to more effectively address concerns related to its activities or its environment. The main committees are the ESG Committee, the Investment Committee and the Audit and Compliance Committee.

The Committee is a body of the Board of Directors, to which it reports. The Committee oversees the implementation of the ESG policy and its periodic reviews, improvements and amendments. 

Among other things, the Committee is responsible for:

• approving the ESG policy validated by the Chief Executive Officer;
• proposing recommendations on FONSIS' ESG strategy;
• supervising the implementation of the policy and the annual action plans aimed at improving ESG practices; 
• preparing an annual report on FONSIS' ESG performance;
• coordinating staff training on ESG policy and procedures. 

It is chaired by a director.

The Committee reports to the Board of Directors. It approves the operational implementation of projects and must ensure that any reservations are removed or that any risks identified during the investment process are mitigated.

The Committee is responsible for:

• implementing the investment strategy of the company and its subsidiaries, and ensuring that investments and disposals are consistent with this strategy; 
• ensuring that the investment policy and financial risk prevention and control guidelines laid down by the Board of Directors are implemented;
• defining and monitoring the implementation and adjustment of strategic asset allocation;
• submitting to the Board of Directors the decisions taken and the results and performance achieved in the management of subsidiaries and affiliates, and ensuring that the investment policy is properly applied;
• regularly analyse the economic and financial environment and propose to the Board of Directors any adoption, modification or updating of the investment strategy.

It is chaired by a director. 

The Committee reports to the Board of Directors. The Audit Committee ensures compliance with standards and procedures, and assesses risk management policy and the quality of internal control.

The Committee is responsible for: 

• examining accounting and financial information
• monitoring the effectiveness of internal control and risk management systems 
• control of the statutory auditors and their independence.

It is chaired by a director.

The Ethics Committee was set up to reinforce respect for the values and principles set out in the Code of Ethics and Good Conduct. It oversees the development of documentation and the preparation and monitoring of action plans.

The Committee must also :

• approve updates to the Code of Ethics and Good Conduct;
• make recommendations on the approach to ethics and professional conduct;
• to examine questions and situations relating to ethics and conflicts of interest of which it may become aware, or which are referred to it.