Board Composition

The Board of Directors are guided by Savings & Loan Society Act 2015, the Constitution of TISA, Prudential Standards of the Central Bank, Board Charter and other applicable regulatory provisions.  

The Bank of Papua New Guinea (regulator) sets the minimum competencies regarding personal attributes, skills and knowledge that each director should bring to the Society.

The Governor of the Bank of Papua New Guinea may undertake relevant skills gap analysis to ensure that the Board has the right mix of skills.

Board Members are then required to be assessed by the Governor of the Bank of Papua New Guinea with regards to these minimum competencies.

This “Fit and Proper” frame work deals with matters such as Minimum Competency, Director Development, Independence, Director Refreshment & Renewal and Performance.

Board Members

The Board is made up of Non Executive and Independent Directors


Gabriel Tai

Chairman and Director for Highlands Region


Sam Nalong

Deputy Chairman and Director for Momase Region


William Varmari

Director for New Guinea Islands Region


Francis Samoak

Director for Southern Region


Peter Mason
Independent Director


Stirling Tavener
Independent Director

The Board is required to have extensive business acumen to bring accountability and sound judgement to the Board’s deliberations to ensure optimum benefit to members, employees and the wider community.

  • The responsibilities of the board include: Providing strategic guidance to the Society including contributing to the development and approval of the corporate strategy.
  • Reviewing and approving business plans, the annual budget and investment plans, including capital resources procurement and major capital expenditure initiatives
  • Overseeing and monitoring:
    • Organisational performance and the achievement of the Society’s strategic goals and objectives.
    • Compliance with the Society’s Code of Conduct.
    • Progress of major capital expenditures and other significant corporate projects including any acquisitions or investments.
  • Monitoring financial performance, treasury operations including approval of the annuals and half-year financial reports.
  • Appointment, performance assessment and if necessary removal of the Chief Executive Officer.
  • Ensuring there are effective management processes in place and approving major corporate initiatives
  • Enhance and protect the reputation of the organisation.
  • Report to members and monitors that all Bank of PNG regulatory requirements are met;
  • Oversee internal controls and processes for identifying areas of significant business risk;
  • Ensure that Teachers Savings and Loans Society’s business is conducted ethically and transparently.

Review Board of Directors Code of Conduct here

 

TISA's Management Team

Michael Koisen OBE ML
TISA Group Chief Executive Officer


Igimu Momo

Chief of Strategic Projects


Luke Kaul
Chief Operating Officer


Michael Malara
Chief Finance Officer


John Topal
Chief Risk Officer


Philip Hehonah

Company Secretary


Telavika Faite

Head of Human Resources


Edward Toliman

Head of Information Technology

 

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