Transcription of Governance Oversight Role Over State Owned Entities SOE's
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Governance Oversight Role Over State Owned Entities SOE's
Governance Oversight ROLE OVER State Owned Entities (SOE s) 1 PURPOSE The purpose of this document is to provide an overview of Government s Governance Oversight over SOE s. 2 SUMMARY Corporate Governance embodies processes and systems by which SOE s are directed, controlled and held to account. In addition to legislative requirements based on a SOE s enabling legislation, and the Companies Act, corporate Governance with regard to SOE s is applied through the precepts of the public Finance Management Act (PFMA) and run in tandem with the Protocol on Corporate Governance , which encapsulates the principles contained in the King II Report on Corporate Governance .
a month after the accounting officer has received it from the SOE. Because it would be impossible for the National Assembly to exercise proper oversight over their Executives by reviewing all performance aspects of the 35 National Departments and ± 250 National Public Entities, Parliamentary Committees were established to facilitate the
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