Ensuring Integrity and Accountability: Corporate Governance at the National Food Reserve Agency
Shareholding
The National Food Reserve Agency (NFRA) is wholly owned by the Malawi Government.
Reporting Structure
The Agency’s reporting structure is comprehensive, ensuring accountability and alignment with governmental objectives. It reports directly to the Ministry of Agriculture on policy matters, administratively to the Department of Statutory Corporations (DSC), and financially to the Ministry of Finance.
NFRA Board
The NFRA Board is the cornerstone of governance, composed of Trustees and ex-officio members who collectively provide strategic oversight and policy direction for the institution. It serves as the supreme decision-making body, ensuring that NFRA operates in alignment with its legal mandate, constitutional provisions, and national interests. The Board is responsible for setting long-term objectives, approving key policies, monitoring organizational performance, and safeguarding assets while promoting transparency, accountability, and sound corporate governance. Through its committees and structured reporting mechanisms, the Board also oversees risk management, financial integrity, and executive management performance to ensure effective and sustainable operations.
Ex-officio members of the Board include:
1. Comptroller of Statutory Corporations
2. Secretary for Agriculture
3. Secretary to the Treasury
This structure ensures diverse expertise and governmental oversight, guiding NFRA’s strategic direction and stewardship of national resources.