About the SABC

Andile Mbeki joins SABC staff during the General Elections.SABC Executives.Description for picBOARD COMMITTEESAs smaller forums constituted with specific expertise, BoardCommittees have the benefit of interrogating relevant aspects ofthe Corporation’s business in depth, thereby providing appropriateguidance to the Board in its governance of the Corporation.The Committees report to the Board at regular intervals on theextent to which their objectives have been achieved. The Boardhas established two new Committees (Risk and Procurement), tostrengthen corporate governance.A brief description of the key focus areas of each Committee isset out below.Audit CommitteeThe main objective of the Audit Committee is to guide the Boardin the fulfillment of its role as the accounting authority of theCorporation.The Committee is responsible for ensuring that the SABC’sassets are safeguarded and that adequate accounting recordsand effective systems of internal control are developed andmaintained. It ensures that the key risk areas of the entity’soperations are covered in the scope of internal and externalaudits, examines and reviews the financial statements before theyare submitted to the Board for approval, and reviews the scopeand performance of the external and internal audit functions. TheHead of Internal Audit reports directly to the Audit Committee.The Chairperson of the Audit Committee is an independent, nonexecutivemember of the Board.Finance CommitteeThe Finance Committee monitors and oversees the financial healthof the SABC. It reviews budgets, financial business plans and theAnnual Report. It receives and evaluates the annual budgets ofthe various Divisions of the Corporation, ensuring their alignmentwith the SABC’s overall strategy prior to recommending them tothe Board for approval.The Finance Committee plays a key role in evaluating andadvising the Board on new and existing business investments andmajor capital projects, and it guides the implementation of theCorporation’s investment strategy.Human Resources CommitteeThe Human Resources Committee assists the Board in defining theroles and responsibilities of the executive and senior managementwithin the Corporation. It also advises the Board on the adoptionof a human resources strategy which will support and underpin theoverall strategic direction of the Corporation; and ensures thatappropriate human resources policies and procedures are in placeto attract and retain the best skills and to facilitate compliancewith applicable labour legislation.Remuneration CommitteeThe Remuneration Committee guides the Board in establishingformal and transparent policies on the remuneration of directors,senior management and staff generally. The Committee alsodetermines the parameters of the annual performance agreementsof directors and senior executives with regard to the strategy andobjectives of the Corporation.Technology CommitteeThe Committee reports to the Board on the extent to which theTechnology Division has achieved its objectives during a particularperiod. It ensures that the Corporation employs technology whichenables it to fulfil both its commercial and public broadcastingmandate and corporate goals.The Committee also ensures that the technology employedby the Corporation is appropriate and able to support thestrategic objectives. From time to time it receives and evaluatesmanagement’s analysis of the technology, management informationsystems and relevant controls within the Corporation and advisesthe Board on their suitability to support the implementation ofthe SABC’s strategy.News CommitteeThe primary role of the News Committee is to assist the Boardin setting the editorial policies of the Corporation, having regardfor the need to ensure the editorial integrity of news and currentaffairs programming presented by the Corporation.In line with the corporate goals, the Committee ensures that theSABC produces compelling, professional and authoritative news,current affairs and other programming that tells South AfricanSABC Annual Report 2008 / 200991