Board of Directors

Lesotho PostBank is a Company that has been incorporated under the Companies Act of 1967, and thus enjoys limited liability. It is thus a corporate citizen, with an independent legal persona.

The organisation has a Board of Directors constituted of six (6) Non-Executive Members and one Executive Member- the Chief Executive Officer.

The Board of Directors oversees the overall governance of the Bank and sets the tone regarding internal controls and risk management strategies. It carries out its mandate guided by the core values mentioned below and subscribes to the principles of corporate governance:

• Discipline

• Transparency

• Independence

• Accountability

• Responsibility

• Fairness

The shareholder has ratified the appointment of the board of directors as follows:

• Mr. Tŝeliso ‘Mokela - Chairman of the Board.

• Mr. Nthako Sekome - Chairman of the Audit and Risk Management Committee (ARMC).

• Mr. Tŝeliso Nteso - Chairman of the Governance Committee (GC) and Member of ARMC.

• Mrs. Refiloe Tlali – Member of ARMC and the GC.

• Mr. Paseka Khetsi – Member of the GC.

• Mr. Mpho Vumbukani – Executive Director

Executive Management:

The Bank’s Executive Management is constituted of the Chief Executive Officer and three (3) Executive Directors in charge of Finance and Administration, Marketing and Operations. All Executive Directors are members of the Institute of Directors in Southern Africa (IoD)

The Executive Management is a channel through which the Board implements and monitors the Bank’s strategies and internal controls.

Executive Management:

1. Mr. Mpho Vumbukani: Chief Executive Officer
2. Ms. Refiloe Lehohla: Director Operations
3. Mr. Lehlohonolo Moea: Director Marketing
4. Mr. Stewart Jakarasi: Director Finance and Administration