BANKSETA ANNUAL REPORT 2023

ACCOUNTING AUTHORITY

Corporate governance focuses on the balance of interests among members, directors and stakeholders to enable the organisation to achieve its objectives openly and transparently. BANKSETA, as a public entity and a steward of public funds, is accountable to its Executive Authority (and Portfolio Committee on Higher Education, Science and Innovation) and stakeholders and is responsible for the implementation of its mandate. To discharge its duties and responsibilities effectively and, thereby, be an effective board in the achievement of strategic objectives, the Accounting Authority needs to ensure adherence to good corporate governance practices and compliance with the Performance Finance Management Act, King IV code (where applicable), National Treasury Regulations and other legislation.

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PART C: GOVERNANCE | BANKSETA ANNUAL REPORT 2022/23