SACAA Annual Report 2022_23

PART C I Governance

No. Outcome

Principle

Application

Governance Instrument

Status

• Board Charter • Compliance Management Policy • Legal Compliance • Regulatory Compliance Universe • Legal Compliance Management Quarterly reporting

The Board is responsible for SACAA’s compliance with the

13.

Compliance Governance

The governing body should govern

applicable laws, rules, codes, and standards. Compliance is monitored by the ARC quarterly. Compliance is implemented through the development and monitoring of the Regulatory Compliance Universe that contains all relevant applicable legislation, categorised according to the level of significance, namely Critical, High, Medium, and Low. It is worth noting that the Board approved the Compliance Management Policy governing compliance. The Board oversees the implementation of the Legal Compliance Management Plan and 100% of the plan was achieved. The SACAA’s remuneration strategy’s objective is to attract and retain key talent and to motivate and reward employees appropriately to ensure they achieve key organisational objectives. The SACAA remunerates fairly, responsibly, and transparently

compliance with applicable laws and adopted, non-binding rules, codes and standards in a way that supports the organisation being ethical and a good corporate citizen. The governing body should ensure that the organisation remunerates fairly, responsibly, and transparently to promote the achievement

• Board Charter • Delegation of Authority • Remuneration Policy • Retention policy • Performance Management Policy

14.

Remuneration Governance

to promote the creation of value in a sustainable manner. The

Remuneration Policy aims to enable the attraction and retention of skilled resources and results in rewards that are aligned with shareholder interests.

of strategic objectives and positive

outcomes in the short, medium, and long term.

102 I Annual Report 2022/23 I Governance