Page 201 - SAMRC Annual Report 2024-2025

GOVERNANCE

INTRODUCTION

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 Minister of Health. The Accounting Authority of the
public entity, corporate governance at the SAMRC 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.
a. Five-year Strategic Plan
The SAMRC is accountable to Parliament for its
performance and management of its budget. The b. Annual Performance Plan
SAMRC Act provides for the appointment of a Board
by its executive authority, the National Minister of c. Governance Structures
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 heads the SAMRC The Executive Authority requires quarterly reporting
Executive Management Committee, which the on the PFMA and Treasury Regulations Compliance
SAMRC Act assigns responsibility for the day-to-day Checklist for Public Entities from the SAMRC on
management of the organisation. prescribed dates. For the 2024/25 financial year,
SAMRC submitted reports according to the following
Portfolio Committee on Health timeline:
Engagements: • Quarter 1 Report – submitted on 30 July 2024

• SAMRC overview presentation on 21 August 2024 • Quarter 2 Report – submitted on 30 October 2024
• 2023/24 Annual Report presentation on • Quarter 3 Report – submitted 31 January 2025
15 October 2024 • Quarter 4 Report – submitted on 30 April 2025

No issues were raised by the Executive Authority on
the reports submitted.

SAMRC ANNUAL REPOR T 2024-25 199