Transcription of Governance Oversight Role Over State Owned Entities SOE's
{{id}} {{{paragraph}}}
Example: bachelor of science
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 . Governance Oversight over SOE s vests in Parliament, the Executive and the Boards of SOE s.
• The functioning of risk management systems; and • Corporate governance of departments, public entities, and constitutional institutions. 3.3.2 Portfolio Committees Given their involvement in the egislative, budget and in-year l monitoring processes, Portfolio Committees exercise oversight of the service delivery performance of SOE’s.
Tags:
Information
Domain:
Source:
Link to this page:
Please notify us if you found a problem with this document: