National Commission for Science and Technology Malawi Board Charter defines the relationships between NCST Board of Commissioners, the Secretariat, Government of Malawi and other key stakeholders. This corporate governance framework provides the structure through which NCST sets its strategies and monitors its performance in order to achieve its mandate of advising the Government of Malawi and other key stakeholders on all Science and Technology matters in order to achieve a science and technology – led development.
Corporate governance at NCST forms part of the larger policies and procedures adopted by the Board. It also depends on the Malawian Constitution 1994, Science and Technology Act 2003 and other relevant laws and regulations in Malawi. In addition, factors such as institutional ethics and corporate awareness of the environmental and societal interests in the areas in which the NCST operates can also have an impact on the Organisation’s reputation and long term success.
To ensure good corporate governance at NCST, the Board shall ensure:
NCST is committed to implementing and adhering to corporate governance best practice. The Board regards corporate governance as being vital to the success of NCST, as it will ensure appropriate and effective Board and Management direction practices are in place. The Board recognises that achievement of good corporate governance will ensure NCST’s performance is enhanced thereby adding value to GoM and other key stakeholders in Science and Technology matters.
A code of principle can only be as good as one’s ability to put it into action. To that end, NCST Board of Commissioners are committed to fulfilling their fiduciary responsibilities and have instituted various principles necessary to ensure that good governance is practiced with respect to dealings with GoM and other key stakeholders.