OUR GOVERNANCE

Committee focus for 2024:

• Governance activities:

• SAICA Board subcommittees National Council Workplans: Recommended the alignment of the Board subcommittees and the Council workplans to the AGM following the outcome of the governance review
• Reviewed and updated the SAICA Governance Framework which incorporated recommendations from the Governance review and Board and Board subcommittees annual evaluation conducted by the Institute of Directors South Africa (IODSA)
• Provided input into the SAICA Council proposals on GRC recommendations which will be tabled before the SAICA Council
• Supported the introduction of a Corporate Governance best practice recommendation: Induction Manual. The manual suggests incorporating continuous director development opportunities, including potential training from recognised governance organisations like IODSA. An induction programme was a positive initiative which will also be exceptionally useful across the entire SAICA community, including the SAICA Council, regions and districts. This will also be extended to SAICA executive management development training
• Supported the use of a formalised guide for the appointment of candidates to the SAICA Board
• Recommended refinements to the Board application form which will assist to streamline the sifting through the volumes of applications
• Conducted an annual review of its terms of reference
• Approved and supported various appointments to the SAICA Prescribed committees, SAICA controlled entities, and international bodies emphasising the importance of diversity and skill representation in the structures
• Continued to review its risks landscape
• Recommended the proposed Group structure (following the outcome the SAICA Organisational review) to the Board for approval with recommendations

Board succession

• Comprehensive assessment – Conducted a thorough analysis of Board demographics and skill requirements
• Workplan implementation – Initiated and executed a plan to reappoint three Board members following the 2024 rotation
• Successful appointments – Filled all three Board vacancies at the May 2024 AGM
• Committee vacancies addressed – Assessed and proposed filling committee vacancies to the Board
• Effective onboarding – Ensured both Board members and SAICA Council Board participated in a well-structured induction programme

Board observer role

• Assisted the Board with the appointment of a Board observer candidate