Ownership
As of June 30, 2011, NSSF had a total of over 9,000 employers registered with the Fund. The number of account holders stood at over 450,000 members.
In February 2009, the President of Uganda fired the Minister of Finance, whose ministry supervises the activities of NSSF. Also terminated were the Managing Director of the NSSF and his deputy.
With the appointment of a new Board of Directors in 2009 and a new management team, the NSSF has since recorded significant improvements in corporate governance. Analysts in the country say NSSF has since moved on to be a leading player in the country's economy.
Read more about this topic: National Social Security Fund (Uganda)
Famous quotes containing the word ownership:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)