RAND WATER ANNUAL REPORT 2023

OUR GOVERNANCE STRUCTURE AND FRAMEWORK OUR GOVERNANCE FRAMEWORK AND STRUCTURE

Shareholder/ Executive Authority Board/ Accounting Authority

Statutes or Regulations

Delegation of Authority

Governance

Policies

Organisational Strategy

Governance

Oversight Level

Board Committees Subsidiary Governance Framework Chief Executive/Accou nting Officer

EXCO

EXCO Structures

Business Operations

Combined Assurance Framework Internal Audit Integrity and Probity Assurance SHEQ Regulators Auditor-General of South Africa

Governance, Risk and Compliance

Governance

Organisational Performance

Governance, Risk, Compliance and Ethics

Operational Level

Figure 3: Governance Framework

The newly appointed Board of Rand Water has resolved to strengthen the Board’s governance structures by reconstituting and reconfiguring the committees of the Board as depicted hereunder:

Accounting Authority

Board of Rand Water

Committees of the Board

TREASURY AND CAPITAL INVESTMENTS COMMITTEE

GROUP AUDIT AND RISK COMMITTEE

HUMAN RESOURCES AND REMUNERATION COMMITTEE

SOCIAL AND ETHICS COMMITTEE

NOMINATIONS COMMITTEE

Figure 4: Governance Structure

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