Page 167 - SAMRC Annual Report 2023-24

GOVERNANCE

INTRODUCTION

ERNANCE Corporate governance embodies processes and Executive Authority

systems by which an organisation is directed,
The Executive Authority of the SAMRC is the
controlled, and held to account. As a Section 3A
public entity, corporate governance at the SAMRC Minister of Health. The Accounting Authority of the
SAMRC is the SAMRC Board, duly appointed by
is guided by its enabling legislation, the SAMRC the Minister. The Practice Note issued by National
Act 58 of 1991, the prescripts of the Public Finance Treasury dealing with the Submission of Corporate
Management Act 1 of 1999, as amended and the Plans requires the inclusion of the following in the
principles contained within the King Report on Corporate Plan:
Corporate Governance. The SAMRC is accountable
to Parliament for its performance and management a. Five-year Strategic Plan
of its budget.
b. Annual Performance Plan
The SAMRC Act provides for the appointment of a
Board by its executive authority, the National Minister c. Governance Structures
of Health. The Board as the accounting authority, in d. Risk Plan
turn, is responsible for the corporate governance of
the SAMRC. This includes fiduciary responsibilities e. Fraud Plan
and ensuring compliance with legislative and
regulatory requirements. Furthermore, the SAMRC f. Financial Plan
Board appoints the SAMRC President, who carries g. Materiality/Significance Framework
the responsibility for implementing the Board’s
mandate. The SAMRC President and CEO heads the The Executive Authority requires quarterly reporting
SAMRC Executive Management Committee, which from the SAMRC on prescribed dates. For the
the SAMRC Act assigns responsibility for the day-to- 2023/24 financial year, the following reports were
day management of the organisation. submitted:
Parliament, the Executive and the Accounting • Quarter 1 Report – submitted on 28 July 2023
Authority of the SAMRC are responsible for • Quarter 2 Report – submitted on 31 October 2023
corporate governance. • Quarter 3 Report – submitted on 30 January 2024
• Quarter 4 Report – submitted on 30 April 2024
Portfolio Committee on Health
No issues were raised by the Executive Authority on
Engagements: reports submitted.

• AR 2022/23 Presentation
• APP 2023/24 Presentation

SAMRC ANNUAL REPOR T 2023-24 165