HIGHEST STANDARDS

OF GOVERNANCE

HIGHEST STANDARDS OF GOVERNANCE

BOARD COMMITTEE REPORTS

Board Committee Focus 2022 and Outlook for the Year Ahead 2023

BOARD COMMITTEE REPORTS

Board Committee Focus 2022 and Outlook for the Year Ahead 2023

Nominations and Governance Committee (NomGov)

Chairperson – Vincent Motholo

MEMBERS AS AT 1 JANUARY 2022 TO 31 DECEMBER 2022

  • Vincent Motholo – 100% Attendance
  • Monica Singer (Until 27 May 2022) – 100% Attendance
  • Jacobus Swanepoel – 100% Attendance
  • Yasmin Forbes (From 6 June 2022) – 100% Attendance
  • Johan du Toit – 100% Attendance

Committee purpose and how it contributes to value generation

The overarching role of the Nominations and Governance Committee (NOMGOV) entails assisting the Board in fulfilling its responsibility to the members and associates of the Institute and the stakeholders by monitoring and recommending corporate governance principles that apply to the Institute to the Board and reviewing the membership and performance of the Board and other governing bodies and structures.

Declaration

The committee met four times and reports that for the year ended 31 December 2022, 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, and SAICA’s Governance Framework for SAICA and its controlled entities.

  • Assisted the Board with the selection of new Board members voted on at the 2022 AGM
  • Reviewed the composition of the SAICA-controlled entities
  • Made recommendation to the Board for the approval of the:
    • Candidates for appointment to the Board
    • Education and Assessment Committee (EAC) Terms of Reference (ToR)
    • Appointments to the various SAICA structures while ensuring those structures are transformed in terms of skills gender, race and age and demographics
    • Updated SAICA’s Governance Framework
  • Considered and approved the proposed application/nomination forms for both CA members and non-CAs
  • This will assist to streamline the sifting of the volumes of applications/nominations received by the Secretariat as well as ensure extraction of required information
  • Noted an internal audit report on the governance of SAICA
  • Noted SAICA member participation on external local and international bodies and their linkage to SAICA’s Strategic Pillars
  • Commenced with CEO’s succession planning
  • Considered and recommended allocation of board members to the various board sub-committees

The future focus will be on continuing to strengthen the governance structures at SAICA and ensuring that there is sound succession planning for the Board, including the position of the CEO.

RISKS

CAPITALS

KING IV

STAKEHOLDERS

  • Internal − Members, CEO, COO, Board Secretary, National Council, MANCO and SAICA-controlled entities
  • External − IRBA and other regulators

Mr Vincent Motholo

Chairperson

Nominations and Governance Committee (NomGov)

Chairperson – Vincent Motholo

MEMBERS AS AT 1 JANUARY 2022 TO 31 DECEMBER 2022

  • Vincent Motholo – 100% Attendance
  • Monica Singer (Until 27 May 2022) – 100% Attendance
  • Jacobus Swanepoel – 100% Attendance
  • Yasmin Forbes (From 6 June 2022) – 100% Attendance
  • Johan du Toit – 100% Attendance

Committee purpose and how it contributes to value generation

The overarching role of the Nominations and Governance Committee (NOMGOV) entails assisting the Board in fulfilling its responsibility to the members and associates of the Institute and the stakeholders by monitoring and recommending corporate governance principles that apply to the Institute to the Board and reviewing the membership and performance of the Board and other governing bodies and structures.

Declaration

The committee met four times and reports that for the year ended 31 December 2022, 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, and SAICA’s Governance Framework for SAICA and its controlled entities.

  • Assisted the Board with the selection of new Board members voted on at the 2022 AGM
  • Reviewed the composition of the SAICA-controlled entities
  • Made recommendation to the Board for the approval of the:
    • Candidates for appointment to the Board
    • Education and Assessment Committee (EAC) Terms of Reference (ToR)
    • Appointments to the various SAICA structures while ensuring those structures are transformed in terms of skills gender, race and age and demographics
    • Updated SAICA’s Governance Framework
  • Considered and approved the proposed application/nomination forms for both CA members and non-CAs
  • This will assist to streamline the sifting of the volumes of applications/nominations received by the Secretariat as well as ensure extraction of required information
  • Noted an internal audit report on the governance of SAICA
  • Noted SAICA member participation on external local and international bodies and their linkage to SAICA’s Strategic Pillars
  • Commenced with CEO’s succession planning
  • Considered and recommended allocation of board members to the various board sub-committees

The future focus will be on continuing to strengthen the governance structures at SAICA and ensuring that there is sound succession planning for the Board, including the position of the CEO.

RISKS

CAPITALS

KING IV

STAKEHOLDERS

  • Internal − Members, CEO, COO, Board Secretary, National Council, MANCO and SAICA-controlled entities
  • External − IRBA and other regulators

Mr Vincent Motholo

Chairperson

Digital Transformation Governance Committee (DTGC)

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SAICA Integrated Report 2022.
All Rights Reserved.

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SAICA Integrated Report 2022. All Rights Reserved.

Site Links

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Head Office