31/10/2026
𝐏𝐇𝐔𝐓𝐇𝐀𝐋𝐈𝐂𝐇𝐀𝐁𝐀 𝐄𝐂𝐎𝐒𝐘𝐒𝐓𝐄𝐌 𝐒𝐓𝐑𝐄𝐍𝐆𝐓𝐇𝐄𝐍𝐒 𝐂𝐎𝐑𝐏𝐎𝐑𝐀𝐓𝐄 𝐆𝐎𝐕𝐄𝐑𝐍𝐀𝐍𝐂𝐄 𝐓𝐇𝐑𝐎𝐔𝐆𝐇 𝐁𝐎𝐀𝐑𝐃 𝐈𝐍𝐃𝐔𝐂𝐓𝐈𝐎𝐍
Today on 31 October 2026, Phuthalichaba Savings & Credit Cooperative Society (PSCCS), in collaboration with Phuthalichaba Group Ltd, hosted a joint Board Induction, bringing together the Boards of both institutions. The engagement was aimed at strengthening the Phuthalichaba Ecosystem’s understanding and application of effective corporate governance principles and practices.
The induction was facilitated by the of Directors of Lesotho, represented by its Vice Chairperson, 𝗠𝗿 𝗡𝗸𝗮𝗿𝗲𝗻𝗴 𝗟𝗲𝘁𝘀𝗶𝗲, and Chief Executive Officer, 𝗠𝗿𝘀 ‘𝗠𝗮𝗹𝗲𝗵𝗹𝗼𝗵𝗼𝗻𝗼𝗹𝗼 𝗠𝗮𝗵𝗮𝘀𝗲.
Among the key lessons explored was the 𝗠𝗼𝗵𝗹𝗼𝗺𝗶 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲 𝗖𝗼𝗱𝗲 and the three major outcomes it seeks to promote:
1. 𝗣𝗲𝗮𝗰𝗲 – fostering ethical culture, stakeholder participation and Legitimacy.
2. 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝘃𝗶𝘁𝘆 – driving organisational performance through effective business models, strategy, innovation and risk management.
3. 𝗜𝗻𝘁𝗲𝗿𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗩𝗮𝗹𝘂𝗲 – promoting Intergenerational thinking through Economic, Environmental, Social and Governance (EESG) considerations.
The Boards also explored the Code’s six governance clusters and their accompanying principles:
- 𝗕𝗼𝗮𝗿𝗱 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽
- 𝗕𝗼𝗮𝗿𝗱 𝗖𝗼𝗻𝗱𝘂𝗰𝘁
- 𝗕𝗼𝗮𝗿𝗱 𝗖𝗼𝗺𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻, 𝗦𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝘀 𝗮𝗻𝗱 𝗥𝗲𝗺𝘂𝗻𝗲𝗿𝗮𝘁𝗶𝗼𝗻
- 𝗔𝘂𝗱𝗶𝘁, 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗥𝗶𝘀𝗸
- 𝗗𝗶𝗴𝗶𝘁𝗮𝗹𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲
- 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴
This induction marks another important step in the Phuthalichaba Ecosystem’s commitment to strengthening institutional leadership and embedding sound corporate governance across its organisations.
As a member of the Institute of Directors Lesotho, Phuthalichaba recognises that effective governance is fundamental to building sustainable institutions, strengthening stakeholder confidence and creating long-term value.
We extend our sincere appreciation to of Directors of Lesotho, particularly the facilitators, for sharing their expertise and supporting our continued journey towards stronger governance practices.
𝙂𝙤𝙤𝙙 𝙂𝙤𝙫𝙚𝙧𝙣𝙖𝙣𝙘𝙚. 𝙍𝙚𝙨𝙥𝙤𝙣𝙨𝙞𝙗𝙡𝙚 𝙇𝙚𝙖𝙙𝙚𝙧𝙨𝙝𝙞𝙥. 𝙎𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙡𝙚 𝙂𝙧𝙤𝙬𝙩𝙝.
