SACAA Annual Report 2022_23

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R

A

Y

E

No. Outcome

Principle

Application

Governance Instrument

Status

• Board Charter • Combined Assurance

The Internal Audit, Risk Committee and the Combined Assurance Committee conduct annual reviews of the SACAA’s internal controls and report their findings to the Audit and Risk Committee. This review covers financial, operational and compliance controls, as well as a review of the risk management policies and procedures of the SACAA. Internal Audit reports on all findings to the ARC. Closure of findings is monitored by the Audit and Risk Committee by way of quarterly reporting. Establishing and maintaining effective stakeholder relationships are not only essential to keeping our skies safe and secure, but also to enable the growth of the SACAA. The Board has approved a stakeholder management strategy, plan, and policy. Engagements with stakeholders are aligned with the strategic initiatives identified. The Board understands its responsibility to all stakeholders and therefore considers, as far as possible, the legitimate interests and expectations of its stakeholders as part of its decision-making.

15.

Assurance

The governing body should ensure that assurance services and functions enable an effective control environment, and that these support the integrity of information for internal decision making and of the organisation’s external reports. In the execution of its governance role and responsibilities, the governing body should adopt a stakeholder inclusive needs, interests, and expectations of material stakeholders in the best interests of the organisation over time. approach that balances the

Framework, Terms of Reference

• Enterprise Risk Management Framework and Policy

• Board Charter • Stakeholder Management Policy • Stakeholder Management Strategy • Stakeholder

16.

Stakeholders

Management Plan

Governance I Annual Report 2022/23 I 103