Namdia board members sitting pretty

Namdia paid N$1,28 million to its board members, according to the 2022/2023 Annual Report. The board fees increased slightly from just over N$1 million in the previous financial year.

Chairperson Bryan Eiseb was paid N$247 606 in board fees during the period. Another board member, Justus Hausiku was paid N$325 209 while Selma Shimutwikeni was paid N$287 754. The highest paid board member was Liina Muatunga, who was paid N$423 440. The total sitting fees was N$1 million while the total expense allowance was N$273 431.

By comparison in 2022, the total sitting allowances was N$887 367 while total expense allowance was N$140 476.

During the financial year under review, the board held three ordinary meetings and one extraordinary meeting, at which the annual financial statements were considered.

As at 28 February 2023, Namdia had 21 employees, of whom 17 were permanent employees, three had fixed-term contracts, and one had a temporary contract.

In October 2022, Namdia recruited a new Chief Executive Officer, and in January 2023 the positions of chief operations officer and executive: market development, sales and branding were filled. The recruitments were part of Namdia’s restructuring process in line with the Integrated Strategic Business Plan 2022 – 2026.

Eiseb said the company has developed a new organisational structure that aligns with its Integrated Strategic Business Plan.

Alisa Amupolo was appointed as Chief Executive Officer from 1 October 2022 to 30 September 2027.

Additionally, Namdia has reduced its executive management structure from six to three members.

Amupolo said the company place great importance on fostering an environment in which employees can thrive and are optimally engaged, challenged, empowered and enabled to deliver superior organisational and individual performance.

“Our diverse workforce, with a balanced gender distribution across all levels and departments, is reflective of Nambia’s commitment to gender equality and inclusivity. To support an engaged and innovative workforce, Namdia continuously invests in employee training and development and fosters a culture of lifelong learning and knowledge sharing. Such investment not only benefits individual employees, but also contributes to the overall growth and success of the organisation.”

Amupolo said the Namdia Employee Study Scheme, which supports the educational needs and aspirations of employees, is one example of its commitment to employee growth and development.

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