BANKSETA AR 31 AUGUST

BANKSETA GOVERNANCE STRUCTURE

Accounting Authority/Board The following roles and functions of the Board are articulated in the BANKSETA Constitution, which is the basis of the Board Charter: 1. Govern and manage the SETA; 2. Ensure that the SETA achieves the objectives contemplated in clause 5 of the Constitution and performs the functions contemplated in clause 6 of the Constitution; 3. Provide effective leadership and ensure that the SETA implements the goals of the NSDP and the Performance Agreement with the Minister; 4. Set a strategic direction for the SETA; 5. Liaise with stakeholders; 6. Ensure that the SETA complies with statutory requirements and the requirements of the Constitution; 7. Manage institutional risk; 8. Monitor the performance of the SETA; 9. Apply for the establishment of the SETA in terms of Section 9(1) of the Act, read together with the Regulations Regarding the Establishment of Sector Education and Training Authorities, 7 September 1999, as amended by General Notice R106 in the Government Gazette 27254 of February 2005; 10. Perform its functions as required by the Skills Development Act; 11. Meet the targets in the National Skills Development Plan; 12. Implement the approved Strategic Plan; and 13. Adhere to the requirements of the PFMA and Treasury Regulations.

Board Charter The BANKSETA Board Charter defines the strategic mandate of the Accounting Authority and outlines the knowledge, skills and experience required by BANKSETA Accounting Authority members to perform their fiduciary duties, and meet National Skills Development Plan targets, strategic plan objectives, duties, responsibilities and Code of Conduct articulated in the BANKSETA Constitution, risk management priorities, meeting procedures and governance principles. During the 2021/22 financial year, no non-compliance with the Board Charter was reported. Board Composition The BANKSETABoard comprises six representatives from organised labour and six from organised employers as well as two representatives from community organisations, professional bodies or any bargaining council or government department (where relevant). The Chairperson of the Board is appointed by the Minister after consultation with the NSA.

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PART C: GOVERNANCE | BANKSETA ANNUAL REPORT 2021/22