FASSET ANNUAL REPORT
COMMITTEES
Table 7: Finance Committee Name Gender
Constituency
The Board is assisted by five committees, namely: The Executive Committee (EXCO) is made up of five Board members and is comprised of the independent Chairperson, two representatives of organised business and two representatives of organised labour. The Executive Committee oversees the management of all financial matters; monitors national policy issues and developments; makes recommendations regarding the adoption of policies by the Accounting Authority; oversees staff employment issues; determines budgets and business plans; monitors the relations and interactions of the SETA with other SETAs and other agencies on matters related to skills development; and performs any other function, delegated to it by the Board.
Mr James Maboa Male
Organised Labour
Ms Malebo Magasa Ms Mopo Mushwana Ms Angel Nyathela- Mahanjana Mr Peterson Khumalo
Female
Organised Employer
Female
Organised Employer
Female
Organised Employer
Male
Organised Employer
The core role of the Governance and Strategy Committee (GSC) includes developing policies, principles, criteria and guidelines for governance and strategy; providing strategic direction to the skills development strategy of the sector; monitoring adherence to the codes of conduct/ethics; governing compliance with applicable laws; and setting the direction for FASSET’s approach to corporate citizenship.
Table 6: Executive Committee Name
Gender Constituency
Ms Lynette Ntuli
Female
Independent Chairperson
Mr James Maboa
Male
Organised Labour
Table 8: Governance and Strategy Committee Name Gender Constituency
Mr Xola Lingani
Male
Organised Labour
Ms Mamatshiliso Nhlapo
Female
Government Department
Mr Bongani Mathibela Ms Malebo Magasa
Male
Organised Employer
Mr Metuse Mbasa Male
Organised Labour
Female
Organised Employer
Ms Thandi Masemola Mr Bongani Mathibela Ms Malebo Magasa
Female
Organised Labour
The primary responsibilities of the Finance Committee (FINCO) include monitoring and reporting on financial operations, internal financial policies and budget performance; consolidating and recommending the annual budget for presentation to the Board; providing guidelines for reporting on levy collections and grant disbursements; considering and recommending financial reports; and recommending plans for and monitoring the progress of major capital and infrastructure work.
Male
Organised Employer
Female
Organised Employer
The Human Resources and Remuneration Committee (HREMCO) advises and makes recommendations to the Board on establishing human resources and remuneration strategies and processes to ensure alignment with FASSET’s functions and mandate;
FASSET Annual Integrated Report 2020/21
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