Adherence to the key principles of Corporate Governance is imperative to ensure accountability, transparency, fairness and responsibility between NamibRe, its Shareholder, the Government of the Republic of Namibia, and its stakeholders.

NamibRe has introduced policies and governance structures to adhere to these principles in a consistent manner throughout our value creation process. Through our compliance mechanisms, we strive to be a responsible corporate citizen that performs and adds value in a sustainable manner and instills trust and legitimacy with our stakeholders in order to maintain our good reputation.

In this regard, NamibRe is proud to be a corporate citizen that aims to adhere to the Environmental, Social and Governance (ESG) agenda, as we value our responsibility to society and the world at large by contributing to the realisation of the global Sustainable Development Goals (SDGs).

The Governance Pillar of the ESG is based on Corporate Governance and Corporate Behaviour, which requires of NamibRe to operate within a highly ethical environment – with the tone being set by the Board of Directors as the custodians of NamibRe on behalf of the Shareholder.

The NamibRe Board of Directors is established in terms of section 4 of the NamibRe Act (Act No. 22 of 1998). The role of the Board is to oversee the effective implementation of policies and governance frameworks and to provide strategic leadership to Executive Management and the organisation as a whole.