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GAUTENG DEPARTMENT OF SPORT, ARTS, CULTUREAND RECREATION: VOTE 12

9. ENTITY REPORTING TO THE MINISTER/MEC

Table 8: Entity reporting to the MEC: Gauteng Film Commission

Nature of Operations

Name of Entity Legislative Mandate Financial Relationship

Gauteng Film Commission (GFC)

Non-pro ¿ t company (NPC) operating as Schedule 3C

DSACR is the primary funder of GFC. It makes transfer payments to the Commission to fund its operations.

Oversight

A Board of Directors serves as the GFC’s Accounting Authority and ensures that the entity operates in the best interests of the DSACR in line with all relevant legislation and corporate governance principles. The relationship between the GFC and SACR is guided by a Memorandum of Agreement (MOA) reviewed annually; the GFC reports quarterly to the MEC and to the Gauteng Provincial Legislature (GPL). The CEO is charged with day- to-day management of the GFC’s operations and assists the Board in providing strategic and policy direction. The Board of Directors may solicit independent professional advice concerning the affairs of the GFC and has access to any information it requires in discharging its duties. The following are the responsibilities of the Board: • Retaining full and effective control over the GFC; • Approving corporate strategy, business plans and budgets and monitoring management’s implementation thereof; • Ensuring compliance with all relevant laws, regulations and codes of best practice; • Ensuring that effective risk management processes are in place; and • Ensuring compliance with the Board’s Charter.

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ANNUAL REPORT 2019/20