SACAA Annual Report 2022_23

PART C I Governance

No. Outcome

Principle

Application

Governance Instrument

Status

• Board Charter • The Ethics Policy • The Whistleblowing Policy • Established Ethics Function • Fraud Reporting Hotline • Ethics Framework • Ethics Implementation Plan and reporting • Fraud & Corruption Prevention Implementation Plan and reporting • Board Charter • The Ethics Policy • Compliance Management Policy • Socio-economic Plan and reporting • Stakeholder Management Plan and reporting • Board Charter • Board Performance Agreement • SACAA Strategic Plan and reporting • Annual Performance Plan and reporting • Corporate Governance Plan and reporting • Risk Management Framework and Policy

The Board has taken responsibility for creating and maintaining an ethical corporate culture and ensures that the ethical standards which have been set are adhered to in all aspects of the business. Ethical standards and expectations are clearly communicated to all employees, and breaches of ethical conduct are viewed in a serious light. The SACAA Board has adopted various ethics governance instruments to enable the effective oversight on ethics. The Board oversaw the implementation of the Ethics Implementation Plan and the entity achieved 100% of the plan. remained intact. The Board has put in place adequate policies to ensure that SACAA remains a responsible corporate citizen. The entity has also adopted a stakeholder-inclusive approach, and the Board regularly received reports on corporate social Progress against the adopted SACAA strategic plan is monitored on a continuous basis. The Board exercises ongoing oversight over the implementation of the strategy and operational plans by Management against agreed performance measures and targets. Quarterly reports on performance against the APP are also tabled and approved by the Board and submitted to the Executive Authority. responsibility and stakeholder management activities from Management. The SACAA’s standing as a responsible corporate citizen

2.

Organisational Ethics

The governing body should govern the ethics of the

organisation in a way that supports the establishment of an ethical culture.

3.

Responsible Corporate Citizenship

The governing body should ensure that the organisation is and is seen to be a responsible corporate citizen.

4.

Strategy and Performance

The governing body should appreciate that the organisation’s core purpose, its risks and opportunities, strategy, business model, performance and sustainable development are all inseparable elements of the value- creation process.

98 I Annual Report 2022/23 I Governance