A corporate governance framework for Sector Education and Training Authorities (SETAs)
- Authors: Barclay, Darion Jerome
- Date: 2012-07-19
- Subjects: Corporate governance , Sector Education and Training Authorities , Risk management , Compliance auditing , Occupational training
- Type: Thesis
- Identifier: uj:8842 , http://hdl.handle.net/10210/5254
- Description: D.Litt et Phil. , The establishment of Sector Education and Training Authorities (SETAs) was seen as a way of addressing the continued shortage of skilled professionals in order to ensure a competitive South African economy in the global environment. The SETAs attracted much media attention as a result of poor service delivery primarily attributed to poor corporate governance. Despite the many positive contributions by SETAs, they remain the most criticized entities in post-democratic South Africa. The study entails a description, explanation and assessment of the concepts corporate governance, risk management and compliance in SETAs. The legislative framework that underpins good corporate governance is identified and explained. The roles of the board and its fiduciary duties, and of the audit committee and the roles of executive management are described in order to ensure a clear understanding of each of them and a separation of each from the others. The concepts corporate governance, risk management and compliance are inseparable from the well-being of any organization. The board of an entity is ultimately accountable for the implementation of good corporate governance. Its role can be of value only if it is properly constituted, is functioning effectively and if its role is understood by all parties concerned. The manifestations of poor corporate governance include poor financial management, non-compliance with policies and procedures, lack of capacity building and the lack of a formalized nomination system to identify suitably qualified and experienced board members. By exercising corporate governance in an accountable and transparent manner, the most appropriate developmental policy objectives to sustainably develop a society by mobilizing and applying all available resources in the public and private sectors in the most efficient, efficient and democratic way will be achieved.
- Full Text:
- Authors: Barclay, Darion Jerome
- Date: 2012-07-19
- Subjects: Corporate governance , Sector Education and Training Authorities , Risk management , Compliance auditing , Occupational training
- Type: Thesis
- Identifier: uj:8842 , http://hdl.handle.net/10210/5254
- Description: D.Litt et Phil. , The establishment of Sector Education and Training Authorities (SETAs) was seen as a way of addressing the continued shortage of skilled professionals in order to ensure a competitive South African economy in the global environment. The SETAs attracted much media attention as a result of poor service delivery primarily attributed to poor corporate governance. Despite the many positive contributions by SETAs, they remain the most criticized entities in post-democratic South Africa. The study entails a description, explanation and assessment of the concepts corporate governance, risk management and compliance in SETAs. The legislative framework that underpins good corporate governance is identified and explained. The roles of the board and its fiduciary duties, and of the audit committee and the roles of executive management are described in order to ensure a clear understanding of each of them and a separation of each from the others. The concepts corporate governance, risk management and compliance are inseparable from the well-being of any organization. The board of an entity is ultimately accountable for the implementation of good corporate governance. Its role can be of value only if it is properly constituted, is functioning effectively and if its role is understood by all parties concerned. The manifestations of poor corporate governance include poor financial management, non-compliance with policies and procedures, lack of capacity building and the lack of a formalized nomination system to identify suitably qualified and experienced board members. By exercising corporate governance in an accountable and transparent manner, the most appropriate developmental policy objectives to sustainably develop a society by mobilizing and applying all available resources in the public and private sectors in the most efficient, efficient and democratic way will be achieved.
- Full Text:
Risk management best practices in the Department of Trade and Industry
- Authors: Joel, Carmen
- Date: 2016
- Subjects: Risk management , Corporate governance
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/225695 , uj:22801
- Description: M.A. , Abstract: This study focused on best practice risk management frameworks (RMFs) for the sustainable implementation of risk management in the public sector, with specific reference to the role of the Department of Trade and Industry (dti). Risk management entails resources, planning, arranging, and controlling to reduce the impact of possible risks to a manageable level. The main research question addressed by this study is: What is the nature of the risk management process and which practical actions can be taken to improve risk management in the dti in order to ensure sustainable service delivery? The goal of this best practice approach to risk management as a higher-order management function is to create an industry that will reflect on how events may influence organisational objectives through the process of identifying, assessing reducing, eliminating or mitigating and monitoring the impact and likelihood of actual or prospective risks through implementing new or improved assessment practices and internal controls. As organisations increasingly focus on establishing or maturing their risk management applications, risk managers experience a range of challenges – from the start of the risk management process to ensure that the right decisions and processes are carried out, to managing the complex involvement of many different functional stakeholders to fulfil an organisation’s mission, achieve its objectives, and to add value. Many of the problems encountered while establishing or maturing a risk management approach can be prevented by using a sound risk management methodology and by compliance with the regulatory and policy frameworks. This study focused on the improvement of risk management in general and the dti in particular, and made proposals for best practice methodologies and mechanisms for effective and efficient risk management systems to develop resilience against unforeseen risks. The proposed best practice mechanisms can be applied as good governance mechanisms to mitigate risk. A qualitative research methodology was followed, whereby conceptual and documentary content analyses and benchmarking were applied as research techniques. It was based on primary and secondary sources of information which covered a wide spectrum of themes, including core regulatory and policy frameworks, concepts, theories, approaches, and the variables which influence risk management in both international and South African contexts...
- Full Text:
- Authors: Joel, Carmen
- Date: 2016
- Subjects: Risk management , Corporate governance
- Language: English
- Type: Masters (Thesis)
- Identifier: http://hdl.handle.net/10210/225695 , uj:22801
- Description: M.A. , Abstract: This study focused on best practice risk management frameworks (RMFs) for the sustainable implementation of risk management in the public sector, with specific reference to the role of the Department of Trade and Industry (dti). Risk management entails resources, planning, arranging, and controlling to reduce the impact of possible risks to a manageable level. The main research question addressed by this study is: What is the nature of the risk management process and which practical actions can be taken to improve risk management in the dti in order to ensure sustainable service delivery? The goal of this best practice approach to risk management as a higher-order management function is to create an industry that will reflect on how events may influence organisational objectives through the process of identifying, assessing reducing, eliminating or mitigating and monitoring the impact and likelihood of actual or prospective risks through implementing new or improved assessment practices and internal controls. As organisations increasingly focus on establishing or maturing their risk management applications, risk managers experience a range of challenges – from the start of the risk management process to ensure that the right decisions and processes are carried out, to managing the complex involvement of many different functional stakeholders to fulfil an organisation’s mission, achieve its objectives, and to add value. Many of the problems encountered while establishing or maturing a risk management approach can be prevented by using a sound risk management methodology and by compliance with the regulatory and policy frameworks. This study focused on the improvement of risk management in general and the dti in particular, and made proposals for best practice methodologies and mechanisms for effective and efficient risk management systems to develop resilience against unforeseen risks. The proposed best practice mechanisms can be applied as good governance mechanisms to mitigate risk. A qualitative research methodology was followed, whereby conceptual and documentary content analyses and benchmarking were applied as research techniques. It was based on primary and secondary sources of information which covered a wide spectrum of themes, including core regulatory and policy frameworks, concepts, theories, approaches, and the variables which influence risk management in both international and South African contexts...
- Full Text:
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