1. INTRODUCTION
This Asset Management and Disposal Policy is designed for Central Equatoria
Business Union (CEBU), a forum for businesses in South Sudan. The policy aims to
provide a framework for the effective and efficient management and disposal of
CEBU’s assets.

2. OBJECTIVES
The policy ensures that CEBU’s assets are used efficiently, maintained properly, safeguarded, and disposed of appropriately. It promotes accountability, transparency, and compliance with legal and regulatory requirements. 

3. ASSET MANAGEMENT
3.1 All assets owned by CEBU will be recorded in an Asset Register, which will
include information such as the description of the asset, the date of acquisition, the
cost of the asset, and the asset’s location. 

3.2 Assets will be regularly inspected and maintained to ensure they remain in good
condition and continue to meet CEBU’s needs. 

3.3 Assets will be adequately insured against loss or damage. 

4. ASSET DISPOSAL
4.1 Assets may be disposed of when they are no longer needed, or when they have
reached the end of their useful life. 

4.2 The decision to dispose of an asset will be made by the Board of Directors, based
on a recommendation from the Asset Manager. 

4.3 Assets will be disposed of in a manner that is transparent, accountable, and
achieves the best value for CEBU. This may include selling the asset, donating the
asset, or disposing of the asset as waste. 

4.4 The disposal of assets will be recorded in the Asset Register. 

5. RISK MANAGEMENT
5.1 CEBU will identify and manage risks associated with its assets, such as the risk of
loss, damage, or theft. 

5.2 CEBU will maintain adequate insurance coverage to mitigate these risks. 

6. COMPLIANCE
6.1 CEBU will comply with all applicable laws and regulations related to asset
management and disposal. 

6.2 Any violations of this policy will be investigated and may result in disciplinary
action. 

7. REVIEW OF POLICY
This policy will be reviewed at least every two years, or more frequently if necessary, to ensure it remains relevant and effective. 

8. APPROVAL
This Asset Management and Disposal Policy has been approved by the Board of
Directors of the Central Equatoria Business