CGE ANNUAL REPORT

2022/23 ANNUAL REPORT

In brief therefore, the overarching responsibilities of the Governing Body are as follows: • Providing strategic direction. • Approving policies to effectuate strategy. • Providing informed oversight for strategy implementation and performance. • Corporate disclosure. Intended Outcomes in line with King IV™ Principles and Practices The following are intended outcomes of the effective and sustained application of responsibilities of the Governing Body, in line with provisions of the PFMA, Treasury Regulations as well as the King IV™ Principles: • Sustainable performance and value creation. • Adequate and effective control; and • Protecting and building trust in the organisation, for reputation and legitimacy. a) Providing input, advice, and assistance in addressing strategic and policy issues and challenges. b) Identifying significant emerging issues affecting the implementation of programmes and providing solutions for approval by plenary. c) Making recommendations to further develop and improve the CGE’s policy framework. d) Formulating the integration of committee issues into CGE strategic planning, to guide the implementation of designated projects, and monitor and evaluate CGE activities. e) Reporting to plenary, deliberating on issues referred to them by plenary, and providing recommendations to plenary. f) Supporting and assisting the Commission in decision-making processes; and g) Monitoring project implementations, budgeting, and expenditure. Current Oversight Structures for the Commission’s Plenary In order to assist the commissioners to collectively fulfil their responsibilities to conduct periodic oversight on the work of the CGE Administration and ensure effective accountability, the following internal structural arrangements (i.e. sub-committees of Plenary) were established by Plenary [this is in line with King IV™ Principle 8, which contemplates the inherent prerogative of a Governing Body to make arrangements and organise its internal structures in order to effectively discharge its duties and responsibilities. The CGE has established committees to enable commissioners to ensure effective achievement of objectives and lend support thereto as required. The committees’ objectives are:

Oversight Sub Committees of Plenary: (a) HR Committee. (b) Legal Committee. (c) Research & PEI Committee.

(d) Strategic Planning Committee. (e) Good Governance Committee. (f) Information Communication and Technology Committee; and (g) Finance Committee.

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