BANKSETA ANNUAL REPORT 2023

BANKSETA GOVERNANCE STRUCTURE

BOARD COMMITTEES

The following Board committees are fully operational with organised labour, organised employers, community and independent representatives:

• Executive Committee • Audit and Risk Committee

• Finance and Remuneration Committee • Governance and Strategy Committee

No. of meetings held

Committee

No. of members Name of members

Executive Committee

5

4

Ms Nosipho ‘Mia’ Makhanya Ms Mmathema Matle Mr Moses Lekota Ms Lebogang Shabangu Vacant Dr Prittish Dala Ms Thembelihle Mbatha Ms Michelle Pillay Mr Brigate Nyakane Mr Phumudzo Siphuma Mr Tom Tshitangano 6 Mr David Cedras Ms Vanessa Hattingh Ms Myenthree Moodley Mr Langalakhe Mhlongo Vacant Dr Mamohau Sekgaphane Ms Leonie van Pletzen Adv Philip Landman

Audit and Risk Committee

10

5

Finance and Remuneration Committee

7

5

Governance and Strategy Committee

9

3

6 Mr Tom Tshitangano – Audit and Risk Committee member appointed effective 1 August 2022.

BOARD AND COMMITTEE MEMBER REMUNERATION Board and committee members are not BANKSETA staff members. Fees are paid to Board and committee members for their attendance and contributions to official meetings and responsibilities as members (as aligned to the Board and Committee Remuneration Policy). The fees approved by the Minister of Higher Education, Science and Innovation are in accordance with remuneration level sub-category S, as determined by the Minister of Finance in the ‘Circular from the National Treasury on Adjustment of the Remuneration Levels’. Audit and Risk Committee members are remunerated at the same rates as Board members approved by the Minister of Higher Education, Science and Innovation.

In accordance with DHET circulars (‘Remuneration Tariffs for the Boards and Committee members of SETAs and non-SETAs that are Reporting to the Department of Higher Education and Training’) issued by the Minister, daily rates are applied for meeting fees (in addition to preparation fees) for Board and committee meetings attended. Meeting fees are paid to the constituencies that members represent and not to individuals, except for members who are Ministerial appointments, independent committee members and members whose employers have granted them exemption from this condition. Independent committee members who are public officials or government employees are not remunerated for meeting attendance unless they take unpaid leave to attend. Allowances are also subject to tax (and tax regulations).

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PART C: GOVERNANCE | BANKSETA ANNUAL REPORT 2022/23