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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