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CSIR ANNUAL REPORT 2010/11 Executive Management Committee The Executive Management Committee has executive responsibility for the CSIR and consists of the following Executive members: • President and CEO: Dr Sibusiso Sibisi • Group Executive, Operations: Dr Hoffie Maree • Group Executive, R&D Outcomes and Strategic Human Capital Development: Khungeka Njobe • Group Executive, Research and Development: Dr Thulani Dlamini • Chief Financial Officer: Chris Sturdy • Executive Director, Services: Raynold Zondo All Executives are employed on a five-year contract basis. CSIR Executive Management Committee Back row from left: Raynold Zondo, Executive Director: Services; Dr Sibusiso Sibisi, CSIR President and CEO; and Dr Hoffie Maree, Group Executive: Operations Front row from left: Chris Sturdy, Chief Financial Officer; Khungeka Njobe, Group Executive, R&D Outcomes and Strategic Human Capital Development; and Dr Thulani Dlamini, Group Executive: R&D 100
CSIR leadership team The CSIR management is responsible for strategy implementation and managing the day-to-day affairs of the CSIR and its operating units in accordance with the policies and objectives approved by the CSIR Board. This leadership team comprises the members of the CSIR Executive Management Committee and operating unit executive directors and centre managers. Other internal structures that contribute to governance at the CSIR include the Executive, Operations and Service Committees, the Strategic Research and Contract Research & Development Forums, and the Research Advisory Panels. Board of Directors and Group companies The CSIR Executive appoints the boards of the various subsidiary companies. Board and Executive Management remuneration Details of the CSIR Board are set out on pages 98 to 100 of the Corporate Governance Report. The membership and Terms of Reference of each Board committee are further described on pages 102 to 103. Remuneration of Board members and the Executive Management is set out in Note 19 of the Annual Financial Statements. Remuneration of Executive Management is in accordance with the remuneration policy which has been approved by the CSIR Board. General The CSIR acknowledges that systems of corporate governance should be reviewed continuously to ensure that these are sound and consistent with world-class standards relevant to the operations of the Group and the evolution thereof. We shall continue to comply with all major recommendations of the Code of Corporate Practices and Conduct as set out in the King Report on Corporate Governance. Public Finance Management Act (PFMA) The PFMA came into effect on 1 April 2000 and has had an impact on governance matters in terms of the regulation of financial management in the public sector. The Group complies, in all material aspects, with the Act. Materiality framework The materiality framework for reporting losses through criminal conduct and irregular, fruitless and wasteful expenditure, as well as for significant transactions envisaged per section 54(2) of the PFMA, has been finalised and incorporated into the Shareholder’s Compact. No material losses through criminal conduct and irregular, fruitless and wasteful expenditure were identified as having been incurred during the year. 101 CORPORATE GOVERNANCE
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ANNUAL REPORT 2010/11
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5AUDIT REPORT 106 Report of the Aud
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contribution to the pursuit of scie
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engagement with all its stakeholder
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focuses on establishing new develop
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Nanotechnology, specifi cally nanos
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Infrastructure and associated opera
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uilt environment Getting to grips I
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uilt environment The Port of Doha,
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uilt environment Locally, the South
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The changing security environment p
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defence & security placed close tog
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defence & security recalled per tar
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defence & security communication an
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The demand for energy in South Afri
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energy required by the heliostat to
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For many South Africans, limited ac
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health group has hosted and trained
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health these devices now enables re
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The importance of manufacturing in
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industry advanced manufacturing can
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industry advanced manufacturing CSI
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industry advanced manufacturing tra
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industry advanced manufacturing tec
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industry advanced manufacturing One
Page 51 and 52: With its 495 000 workers and R162 b
Page 53 and 54: industry mining elimination of sili
Page 55 and 56: The natural environment is both an
Page 57 and 58: natural environment • South Afric
Page 59 and 60: natural environment is strongly rec
Page 61 and 62: natural environment Oceanography; B
Page 63 and 64: The CSIR’s work in information an
Page 65 and 66: ict The research has been documente
Page 67 and 68: ict The VOs are encouraged through
Page 69 and 70: ict allow engineers to make adjustm
Page 71 and 72: ict development and implementation
Page 73 and 74: Currently, marine research vessels
Page 75 and 76: ict their long-term athlete develop
Page 77 and 78: Publication equivalents allocated t
Page 79 and 80: Archibald S, Scholes RJ, Roy DP, Ro
Page 81 and 82: De Lange WJ, Wise RM, Forsyth GG, N
Page 83 and 84: Kumar R, Yakubu MK, Anandjiwala RD.
Page 85 and 86: 405(12), p.2659-2663. Mishra SB, Mi
Page 87 and 88: Phasha MJ, Ngoepe PE, Chauke HR, Pe
Page 89 and 90: Van den Bergh F, Engelbrecht AP. 20
Page 91 and 92: J John MJ, Thomas S. 2010. Cellulos
Page 93 and 94: Wright C. 2010. Children’s sight
Page 95 and 96: CORPORATE GOVERNANCE 93
Page 97 and 98: are fairly presented in conformity
Page 99 and 100: CSIR. All subsidiary companies are
Page 101: CSIR Board Members (1 April 2010 -
Page 105 and 106: Meetings 7 October 2010 24 March 20
Page 107 and 108: Report of the Audit and Risk Commit
Page 109 and 110: the fi nancial position of the Coun
Page 111 and 112: Role in the National System of Inno
Page 113 and 114: to accessing each other’s researc
Page 115 and 116: Table 2: Building and transforming
Page 117 and 118: The CSIR achieved outstanding perfo
Page 119 and 120: Significant progress was made in 20
Page 121 and 122: B Five-year review of income and ex
Page 123 and 124: 121 EXECUTIVE REPORT
Page 125 and 126: ANNUAL FINANCIAL STATEMENTS 123
Page 127 and 128: Statements of financial position as
Page 129 and 130: Statements of cash flows for the ye
Page 131 and 132: 1 PRINCIPAL ACCOUNTING POLICIES (co
Page 133 and 134: 1PRINCIPAL ACCOUNTING POLICIES (con
Page 141 and 142: 3OPERATING PROFIT GROUP The net ope
Page 143 and 144: 6PROPERTY, PLANT AND EQUIPMENT 2011
Page 145 and 146: 6PROPERTY, PLANT AND EQUIPMENT (con
Page 147 and 148: 8INTEREST IN JOINT VENTURES AND ASS
Page 149 and 150: 13 DEFERRED TAx ASSET GROUP Balance
Page 151 and 152: 18 RETIREMENT BENEFITS OF EMPLOYEES
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19 REMUNERATION OF BOARD MEMBERS, D
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20 CONTINGENT LIABILITIES AND FACIL
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22 FINANCIAL INSTRUMENTS (continued
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23 RECONCILIATION OF OPERATING PROF
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25 RELATED PARTY TRANSACTIONS (cont
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26 SUBSEQUENT EVENTS 26.1 Satellite
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Interests of the CSIR Net indebtnes
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169 2010 FIFA SOCCER WORLD CUP
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ACCESS Applied Centre for Climate a
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Printed on Hi-Q Titan Plus environm
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