OUR GOVERNANCE
Driving Value Creation
Our Competent, Diverse and Independent Board
The Board comprises the appropriate balance of knowledge, skills, experience, diversity and independence for it to discharge its governance role and responsibilities objectively and effectively.
Diversity of Age. The Average Age of our Directors is 48 Years
The Diversity Demographics are as Follows:
The Gender Demographics are as Follows:
Diversity of Age. The Average Age of our Directors is 48 Years
The Diversity Demographics are as Follows:
The Gender Demographics are as Follows:
Chairperson and Chief Executive Officer
The roles of the Chairperson and CEO are distinctly outlined and differentiated in the SAICA Board Charter, ensuring clarity in leadership. The Chairperson is elected annually by the Board after the AGM and must be an independent non-executive member without any management responsibilities or ties to the SAICA Council.
The Board is responsible for appointing the CEO, who is empowered by the Board and held accountable for the development and effective execution of SAICA’s strategy. The CEO leads the overall management and performance of the Institute, driving it toward its mission and goals. This separation of roles not only enhances governance but also promotes a vibrant and effective leadership dynamic within SAICA.
Lead Independent Board Member
The constitution mandates that the Board appoint a Lead Independent Board Member to support the Chairperson in fulfilling their responsibilities, along with any other tasks delegated by the Board as outlined in the Board Charter. Like the Chairperson, the Lead Independent Board Member is elected annually by the Board following the AGM, ensuring a cohesive leadership team dedicated to guiding SAICA’s strategic direction. This role not only enhances collaboration but also reinforces accountability and governance within the organisation.
Council
At SAICA, member involvement in governance is paramount, and the Council plays a vital role in representing their interests through feedback from regional constituencies. SAICA has transformed from a council of appointed councillors to a democratically elected body, reflecting the diversity of its members, including representatives from various regions and interest groups, while considering race, gender, and disability.
The Council acts as an advisory body to the Board, with key responsibilities such as electing a president, providing strategic advice on the direction of SAICA and the CA(SA) profession, representing member interests, providing input on Board appointments, awarding lifelong and honorary memberships, and recommending changes to the professional Code of Ethics.
To improve role clarity, the Memorandum of Understanding (MOU) will be updated based on the Governance Review recommendations. Enhancing the connection between Council and regional councils is also encouraged, with the Council establishing a strategic framework while regional councils address local needs. This structure ensures that all members and associates have a voice in shaping the Institute’s future.
Board Member Onboarding and Induction
The induction, including a refresher provided in 2024, of newly appointed directors is an engaging and structured process led by the Board Secretary and CEO through a formalised programme.
To promote continuous development, the Board Secretary compiles a regular governance newsletter packed with valuable insights, including training opportunities from the IoDSA, with participation covered by SAICA.
This newsletter not only highlights essential topics but also explores the latest trends and developments in governance, ensuring that directors remain informed and empowered in their roles.
Evaluation and Performance of the Board
The Board ensures that the evaluation of its own performance and that of its committees, its Chair and its individual members supports continued improvement in its performance and effectiveness.
To support continuous improvement in its performance, the Board appointed the IoDSA to evaluate itself, its committees, Chairs, and individual members for their performance in 2023. After completing the evaluation, IODSA rated the Board’s overall performance as ‘Good’ (3,9/5), noting that the Board committees performed especially well. However, there were areas that needed improvement.
The Board reviewed the evaluation results and created action plans to address the identified gaps. This included discussing succession planning, rotating members, and giving members experience in chairing as part of their development. Changes were also made to the Chairpersons and membership of committees. For more details, click here.
Going forward, the performance of the Council will also be evaluated.
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