Constructed on a philosophy of transparency, ethics, values, accountability and sincerity of action, Oxford College of Business’s corporate governance ethos works within a culture of performance that emphasizes a framework of conformance and compliance. To us, corporate governance goes beyond the tenets of conformance and compliance into a milieu where our business is grown and nurtured into a sustainable and equitable one, presenting all our stakeholders with a future to grow with us. Maximizing shareholder wealth on a sustainable basis while safeguarding the rights of multiple stakeholders are fundamentals which are permeated through all levels of our management and staff, who in turn work on the trusses of truth, trust, principles and honesty to ensure that the end justifies the means and remain strategically aligned to the core principles of our corporate governance practice.
Our governance and operating model facilitates efficient and timely decision making coupled with pragmatic resource allocations, which in turn are integrated into a transparent, accountable and ethical framework that are compliant not only with the laws of the country but also with self imposed codes of ethics, standards and regulations that position us on a platform of critical governance features to ensure a culture that goes beyond compliance. This is thus manifested in the composition of the corporate management team, division of powers and duties and the promotion of sound corporate ethics across the company.
We have also infused a milieu of increased participation by middle management to permeate the need for a more responsible, transparent and accountable administration, which in turn will strengthen the financial discipline of the company. There are a number of oversight committees that are also appointed to contribute towards upholding the company’s governance values.
Oxford College of Business’s corporate management is committed to achieving sustained value creation for the benefit of all stakeholders through adherence to a set of well-defined corporate governance principles, coupled with maintaining effective structures and processes within the company. The team, which comprises of two independent non executive directors, Chairman, Chief Executive Officer / Director, Managing Director and Senior Management, meet at regular intervals to discuss the management of business activities.
Professional studies, undergraduate and post graduate programs are administered by the Head of Academic wherein the CEO / Director works on marketing plans and targets, matching those to realistic time frames and ensuring any shortfalls or delays are speedily rectified. Given the functionalities of the company where most employees are assigned Education, Human Resources Management & Administration, Facility Management and Finance. Authority is exercised within an ethical framework of business practices established by the Board, which demands compliance with existing laws and regulations as well as best practices in dealing with employees, customers and the community at large.
Driving a team branded on excellence, people remain centric to our entire operational capabilities and engineering competencies. The experience and professionalism within our team has been the catalyst in integrating our core competencies into strategic partnerships. Maintaining a healthy work life balance with an environment of superior human resource development via a comprehensive Quality Management System inculcates the culture of meritocracy and performance oriented individuals who make up for an excellent team, driven to achieve ambitious goals.
The company’s vision and mission remain firmly embedded in our future journey with the Board of Directors and the Management providing the necessary stewardship to our team and other stakeholders to achieve our objectives. Evaluating and setting the direction of the company’s strategic initiatives, performance objectives and targets also remain entrenched within the leadership, in addition to strengthening the overarching company principle of protecting the interests of all stakeholders and consolidation of business activities to ensure continuity and sustainability. We summarise our approach to corporate governance and remuneration in our annual report.
There is a defined split of responsibilities between the Chair, the Chief Executive and Independent Directors. The roles and responsibilities of the Chair, the Chief Executive and the Independent Director are clearly defined, set out in writing and reviewed and agreed by the Board on an annual basis.
Read more about our Board and Executive Leadership at Oxford College of Business
The Board also maintains a formal schedule of matters specifically reserved for its decision, which is reviewed and approved annually.
The Board has established Audit, Remuneration, Academic Governance, Reputation and Responsibility Committees which have written terms of reference.