CIPC Annual Report V1

1. Introduction Corporate governance embodies processes and systems by which public entities are directed, controlled and held to account. In addition to legislative requirements based on a public entity’s enabling legislation, and the Companies Act (2008, as amended) corporate governance with regard to

public entities is applied through the precepts of the PFMA (1999, as amended) and run in tandem with the principles contained in the King’s Report on Corporate Governance. Parliament, the Executive and the Accounting Authority of the public entity are responsible for corporate governance.

2. Portfolio committees

Table C. 1: Portfolio committee meetings Date Details

Attending officials Agenda/areas of risk identified and CIPC implementation plans/ actions

Required action

12 May 2020

Efforts to assist companies during Covid-19 national lockdown

Adv. Rory Voller, CIPC Commissioner

-

-

2 September 2020 Efforts to assist government prohibiting public servants doing business with the State 3 November 2020 Briefing of the IP Policy – 1st phase

Adv. Rory Voller, CIPC Commissioner

-

-

Adv. Rory Voller, CIPC Commissioner

-

-

3. Executive Authority Four quarterly reports were submitted. We are awaiting approval from the Minister. Table C. 2: Quarterly performance reports submitted to the Executive Authority Quarterly report submission Approval by the Minister Comments & required action Progress Quarter 1 submitted Awaiting approval N/A N/A Quarter 2 submitted Awaiting approval N/A N/A Quarter 3 submitted Awaiting approval N/A N/A Quarter 4 submitted Awaiting approval N/A N/A 4. Accounting Authority

Table C. 3: Audit Committee and Risk and ICT committees Committee Ordinary meetings held Special meetings held Risk workshop

No. of members

Name of members

Audit Committee

4

2

0

7

Mr. S Maharaj – Chairperson Ms. L Vilakazi – Independent Member Mr. B Zulu – Independent Member Ms. S Mayinga – Independent Member Mr. J. Motjuwadi – Independent Member Adv. R Voller – Commissioner Ms. K Singh – the dtic (shareholder) representative

COMPANIES AND INTELLECTUAL PROPERTY COMMISSION I Annual Report 2020/21

54