The Board is governed by a charter, derived from sources that include the GEP Law and Rules, Good Governance on Retirement Funds (Circular PF 130, issued by the Financial Services Board) and King III. The charter is reviewed annually to ensure that it is up to date with corporate governance best practice locally and internationally.

The Board charter includes a trustee code of conduct and ethics, trustee fit and proper guidelines, trustee responsibilities,  trustee development and training, Board and trustee performance assessments,  Board remuneration and expenses, communication policy, confidentiality policy,  conflict of interest policy, compliance policy, risk management guidelines,  committee terms of reference, and rules on the delegation of authority.