OUR GOVERNANCE
Driving Value Creation
Our Governance Framework
The governance framework as informed by the SAICA Constitution empowers the Board to oversee, evaluate, and approve the Institute’s strategic direction, as well as its financial and non-financial performance, resource allocation, and risk appetite. It also assists the Board in holding the executive team accountable for executing the Institute's strategic key performance areas.
SAICA's governance framework includes various committees and structures to oversee strategic direction, financial performance, and risk management. The Board, comprising 11 members, ensures effective governance and accountability.
The SAICA Governance Framework is built to comply with the directives from various documents which are depicted below. Documents with prescriptions regarding these committees exist.
Board Charter
The SAICA Board Charter is a framework that outlines the operational boundaries of the Board, ensuring the principles of effective corporate governance are upheld in all its activities. It defines the roles and responsibilities of both the Board and its individual members, detailing their composition and operational procedures while aligning with the SAICA Constitution.
The Charter delineates the powers entrusted to various Board committees and establishes best practices regarding corporate governance, conflict declarations, meeting documentation, and the training and evaluation of directors and committee members. It undergoes an annual review, or as needed, to adapt to evolving requirements. This robust framework not only guides operations but also strengthens the integrity of SAICA’s governance structure.
Board Meetings
The Board uses its meetings to fulfill its governance and regulatory duties. Agendas are prepared around an approved annual work plan, incorporating not only routine business but also urgent, non-routine issues that require immediate attention. Each agenda features comprehensive management reports covering operational and financial performance, strategy execution, risk management, governance, compliance, legal matters, and other essential topics reserved for Board decisions.
Over the past year, the Board convened eleven times, achieving an impressive 97% attendance among its members.
Access to and Flow of Information
Board members enjoy unrestricted access to ExCo, senior management, and essential company information − all facilitated by the Board Secretary. This open-door policy ensures that they have all the resources needed to effectively execute their duties and responsibilities, fostering an environment of collaboration and informed decision-making.
External Advisors
Directors at SAICA have access to specialised advice at the organisation’s expense, ensuring they are equipped with the insights necessary to make well-informed decisions. Experts are engaged to provide guidance across various Board committees, enhancing the depth and quality of discussions and strategies.
