Thursday, February 09, 2012
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Governance Principles

MBD Credit Solutions is committed to governance. The board subscribes to the principles of best practice.
 
The mission, vision, values and objectives of the group are determined by the board of directors, as is the establishment of strategic group objectives and performance criteria. 
 
The board in turn receives their operational guidance and input from its management teams who are tasked with the detailed planning and implementation of that policy in accordance with pre-determined and appropriate risk parameters. The board, through defined reporting structures, closely monitors the achievement of objectives and compliance with policy by accountable management teams.
 
The group is committed to transparent reporting and disclosure with stakeholder information being presented in a meaningful and relevant manner so as to enable users to gain an accurate and objective perspective of the company.
 
Sound value systems embracing the principles of integrity, honesty and respect govern all dealings with stakeholders.
 
MBD Credit Solutions places great emphasis on the training and development of its staff and strives at all times to ensure that an equal opportunities environment exists for all staff and that appropriate participation in the decision making processes are maintained.

Corporate Structure

Directorate
Our board comprises 6 members, including our chairman.  Board members are selected so as to ensure a diverse representation of age, gender and ethnic diversity. In addition they possess a range of expertise and knowledge that is sufficient to provide guidance and oversight with respect to all of MBD Credit Solutions’s strategy and operations.
 
Functions of the Board of Directors 
The board of directors is responsible for the provision of governance and oversight over the strategy, operation and management of MBD Credit Solutions. 
 
The board monitors management, reviews process and progress of strategy and financial planning for the achievement of long-term objectives; evaluation and compensation of the Chief Executive and other executive officers; group investments, capital expenditure, operating and financial budgets and ensures legal and ethical compliance.
 
Directors bear the responsibility to exercise sound business judgement in the best interests of all shareholders and stakeholders while complying with the fiduciary duties imposed by applicable laws. 
 
Board Committees 
The board currently has the following committees:
 
Remuneration Committee
The committee is tasked with the investigation, recommendation and approval of the remuneration of the chief executive officer and other executive directors and senior management; recommendations with respect to incentive schemes and the monitoring and implementation thereof; recommendations regarding remuneration strategy and policy guidelines of the company affecting its executives and to provide management with guidelines concerning remuneration of general staff.
 
Invesco
One of the Group’s core business focus areas is the acquisition of performing as well as non-performing debt portfolios from the leading JSE listed educational, retail, financial services companies as well as all spheres of the public sector.  The investment committee will make decisions around purchase consideration.
 
Exco
This team assumes direct responsibility for the operational management of the group. This team is tasked with the detailed planning and implementation of board directed policy and operational objectives in accordance with established risk parameters.  
 

Unique Accreditations

 
 
GCR Servicer Quality Rating:  SQ2+
 
 
 
Global Credit Rating  :  zaAA  (Securitisation)
 

Credit + Collection Industry Accreditations

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© 2012 MBD Credit Solutions. A member of the Transaction Capital Group