BOARD OF DIRECTORS.

ACORNS FINANCE COOPERATIVES (U) LTD BOARD OF DIRECTORS.

The Acorns Finance Co-op Ltd board of directors is a group of individuals who are responsible for overseeing the management and direction of Acorns Finance. In a broad sense, the corporate board of directors also act as a fiduciary for shareholders. The board has several key roles and responsibilities, including;

Hiring and overseeing senior management:

The Acorns Finance board hires the CEO(Managing Director) and other senior executives and is responsible for overseeing their performance and ensuring that they are acting in the best interests of Acorns Finance.

Monitoring financial performance:

The Acorns Finance board reviews the Acorns Finance financial statements and ensures that the company is managing its finances responsibly.

Ensuring compliance with legal and ethical standards:

The Acorns Finance board is responsible for ensuring that the company is complying with all applicable laws and regulations, as well as maintaining high ethical standards.

Providing guidance and support to management:

The Acorns Finance board provides guidance and support to senior management as needed, and may offer advice on key business decisions or challenges.

Representing the interests of shareholders:

The Acorns Finance board represents the interests of the company’s shareholders, and works to ensure that the company is maximizing shareholder value.

Setting the overall direction and strategy of the company:

The Acorns Finance board is responsible for setting the company’s strategic goals and direction, and ensuring that management is taking the necessary steps to achieve those goals.
Overall, the board of directors plays a critical role in ensuring that the company is operating in a responsible and effective manner, and that it is delivering value to its shareholders and other stakeholders.

Board Committees.

Similarly, Acorns Finance cooperatives Ltd board directors do share extra duties of managing board committees as according to the company law of administration. Board committees are smaller groups of board directors that where created to focus on specific issues or areas of responsibility. The exact structure and function of board committees vary depending on the company "Acorns Finance cooperatives (U) Ltd" and these include;

Audit Committee:

This committee is responsible for overseeing the company’s financial reporting and internal control processes. They work closely with the company’s external auditors to review the financial statements, ensure compliance with accounting standards, and identify any potential areas of risk.

Compensation Committee:

This committee is responsible for setting and reviewing the compensation packages for senior executives and board members. They ensure that the company’s compensation practices are aligned with its strategic goals and are competitive within the Acorns Finance.

Nominating and Governance Committee:

This committee is responsible for identifying and evaluating potential candidates for board membership, as well as overseeing the governance practices of the company. They ensure that the board is composed of individuals with the necessary skills and expertise to guide the company’s strategic direction.

Risk Management Committee:

This committee is responsible for identifying and managing potential risks to the company, including operational, financial, and strategic risks. They develop risk management strategies and ensure that the company has appropriate policies and procedures in place to mitigate potential risks.

Corporate Social Responsibility Committee:

This committee is responsible for overseeing the company’s efforts to promote social responsibility and environmental sustainability. They ensure that the company is adhering to best practices for corporate social responsibility and is taking a leadership role in addressing social and environmental issues.

Note.

Overall, the role of board committees is to provide focused oversight and expertise on specific areas of responsibility and to make recommendations to the full board of directors on important issues.

MR. BALAMAGA DAVIS
BOARD- SECRETARY

The Board Secretary ensures the smooth and effective functioning of the Board and its Committees; timely information flows between the Executive and Board, and vice versa; the development, management and review of governance policies and procedures; and act as a sounding board and advisor to the Chairperson, Board and Senior Management Team on governance matters.

In general, the board secretary role and responsibilities center on ensuring that Acorns Finance Cooperatives (U) Ltd remains in compliance with all state and federal laws and mandates, and serves as the official record keeper and advisor to aid board directors in fulfilling their fiduciary duties.

Role of the Board Secretary.

The duties of the Acorns Finance board secretary vary based on the industry and the needs of the company that include;

Record keeper:

The Acorns Finance board secretary records and securely distributes all board and committee meeting minutes (sometimes with the help of a staff member), coordinates the reviews and approvals, and ensures their accuracy as the official record of board discussions, votes, and actions. Also maintains important board, corporate, and stockholder records and documents, such as business licenses, stock issues, proxy statements, and disclosure filings in accordance with Acorns Finance laws.

Meeting/event planner:

The Acorns Finance board secretary plans and manages board of director, committee, and shareholder meetings. This includes working with Acorns Finance leaders and staff to develop and distribute meeting agendas and supplemental materials (i.e., board books), and arranging all logistical details, such as scheduling, invitations, locations, lodgings, speakers, food, and travel.

Corporate advisor:

The Acorns Finance board secretary serves as the resident expert, advising executives and board directors on a broad range of best-practice corporate governance and compliance issues. Such issues include designated director roles and responsibilities, appropriate governance practices, voting processes, subsidiary management, and legal compliance requirements. Board secretary also facilitates board evaluations, managing succession planning, and serving as a liaison to shareholders and corporate contractors.

Trainer

The Acorns Finance board secretary leads or organizes orientation and training for new directors, and development programs for existing directors to keep them informed on current governance issues such as cybersecurity or evolving regulatory mandates.

Compliance officer

The Acorns Finance board Secretary manages federal and state compliance reporting and governance requirements for the company. This includes ensuring the board and committees follow proper governance procedures in accordance with the Acorns board bylaws and other legal requirements, keeping up-to-date on all mandated disclosures, and coordinating with regulators, auditors, and others on corporate reviews.

MR. MULAMULA RONALD
CFO

MR. KALUMBA AGREY.
DIRECTOR.

MR. KISUULE PAUL
CHAIRPERSON BOARD OF DIRECTORS.

ROLE OF THE CHAIRPERSON.

Helping Acorns Finance Cooperatives Limited define it's objectives, establish major goals, and stay focused on its direction over time. The hiring and dismissal of senior executives and upper management.

The role of the chairperson of a board of directors is to provide leadership and guidance to the board in fulfilling its responsibilities. The chairperson is typically responsible for setting the agenda for the Acorns Finance board meetings, facilitating discussions, and representing the board to outside stakeholders. Some of the specific duties of the Acorns Finance chairperson may include:

Leading board meetings.

The chairperson presides over board meetings, sets the agenda, and ensures that all board members participate in discussions.

Facilitating communication among board members.

The chairperson is responsible for ensuring that board members are kept informed about important developments within the company and that they have the information they need to make informed decisions.

Representing the board to outside stakeholders.

The chairperson serve as the primary spokesperson for the board and may communicate with shareholders, customers, and other stakeholders on behalf of the board.

Working closely with the CEO(Managing Director).

The chairperson typically works closely with the CEO to ensure that the Acorns Finance is being managed effectively and that the board is providing appropriate oversight.

Ensuring that the board is fulfilling its responsibilities.

The chairperson is responsible for ensuring that the board is fulfilling its responsibilities, including setting the strategic direction of the company, overseeing management, and ensuring compliance with legal and ethical standards.

Promoting good governance practices at Acorns Finance.

The chairperson also promotes good governance practices within the company to ensure that the board is adhering to best practices for corporate governance.

Note.

In summary, the chairperson of a board of directors role is to provide leadership and guidance to the board in fulfilling its responsibilities and to represent the board to outside stakeholders of Acorns Finance Cooperatives (U) Ltd.