ANNUAL REPORT - University of Johannesburg

STATEMENT ONCORPORATE GOVERNANCEOVERVIEWThe Statement on Governance focuses on the following:• Corporate Governance: pre-determined objectives;• the Higher Education Laws Amendment Act, 14 December 2011;• the amended UJ Statute 30 March 2012;• the appointment of the Chancellor;• Council and Council Committees’ Governance Report;• Senate and Senate Committees’ Governance Report to Council;• the Vice-Chancellor’s Report on the governance related to the MECand its committees;• the Student Representative Council (SRC) Report to Council;• the Student Services Council Report to Council;• the Convocation Report to Council.CORPORATE GOVERNANCE PRE-DETERMINED OBJECTIVES(INSTITUTIONAL SCORECARD)As far as governance efficiency is concerned, the Institutional Scorecard for 2012 reflects the following target(excluding financial governance): MEC Corporate Governance Review (conducted in accordance with theguidelines and instrument approved by Council) – an average of 8 (out of 10), with a floor of 7 and a ceiling of 10.Performance MEC Corporate GovernanceThe process (approved by Council) for determining and scoring was executed and an average score of 9 wasallocated to all the items with the exception of Information Technology Governance which obtained a score of6, based on the outcome of an internal audit conducted during the reporting year. This review therefore reflectsan average of 8.7, exceeding the target of 8.0. The Audit and Risk Committee recommended that the internalauditors conduct an audit of the results in future to ensure assurance.HIGHER EDUCATION LAWS AMENDMENT ACT, 14 DECEMBER 2011The following has reference:• The principle of declaring interests and positions of trust by members of Council and members of the MEChas been in place since 2007. A Register reflecting the general interests and positions of trust declared bymembers of Council is compiled by the Registrar and updated annually. The Register serves at the first31