OUR GOVERNANCE

Corporate governance aligned to the King IV^TM principles

Board COMMITTEE Reports - Focus 2023 and outlook for the year ahead 2024

EDUCATION AND ASSESSMENT COMMITTEE (EAC)

CHAIRPERSON: Jacobus Swanepoel

Members of committee in the period 1 January 2023 to 31 December 2023

Jacobus Swanepoel - (100% Attendance)
Brenda Tsvetu (until May 2023) - (100% Attendance)
Alice le Roux - (100% Attendance)
Thandi Clarah Thankge (from May 2023) - (100% Attendance)

COMMITTEE PURPOSE AND HOW IT CONTRIBUTES TO VALUE CREATION

The committee's main responsibility entails assisting the Board in providing independent oversight of:

Growth of the SAICA membership base through quality education and assessment of potential members
The quality, efficiency and integrity of the Institute’s education and assessments

DECLARATION

The committee met three times and reports that for the year ended 31 December 2023, it is satisfied that it has fulfilled its responsibilities in accordance with the Companies Act, the Board Charter, the Committee Terms of Reference, King IV^™ and other applicable standards and codes.

Key focus areas and value-creating activities for the period under review

Reviewed changes to the CPD policy which now provide clarity on who are considered professionally active and introduced an age threshold for CPD compliance
Approved the implementation of the Initial Assessment of Competence from 2025 in alignment with the competency framework of the CA of the Future
Monitored the implementation of the restructuring of Initial Professional Development (IPD)
Unisa accreditation

FUTURE FOCUS AREAS 2024

Monitor further implementation of the CA of the Future competency framework:

Review the terms of reference of the EAC to incorporate all changes of IPD and other aspects
Monitor accreditation of higher education institutions
Revisit the total value chain of the Nation Building Division
Contribute to the future strategy of the Nation Building Division