Governance Committees

  • Audit Committee
  • Finanace Committee
  • HR Committee
  • C & L Committee

The Audit Committee is constituted in terms of Section 77 of the PMFA read with Chapter 3 of the Treasury Regulations issued in terms of the PFMA.  The Audit Committee is a specially appointed committee to assist management in fulfilling its oversight responsibilities for the financial reporting process, the system of internal control, the audit process and ECGBB's process for monitoring compliance with laws and regulations and the code of conduct. Unless otherwise stated, the Audit Committee performs an advisory role to the ECGBB. The Audit Committee is accountable to the Accounting Authority to properly consider and evaluate any matter that it has to deal with or referred to it.

 

The Finance Committee established in terms of section 14 of the Gambling and Betting Act, No 5 of 1997 (Eastern Cape)

ROLE AND FUNCTIONS OF THE COMMITTEE

The Committee review and recommend to the Board of its:

  • Business Plans;
  • Strategic Plan (5-year);
  • Annual Performance Plan (3-year);
  • Operational Plan (1-year); and
  • Finance policies

It  review and recommend the annual financial statements, and any other publicly released financial statement, of the Board; any change in the Board's financial year or tax year;  any material change in the ECGBB accounting policies other than changes which bring the ECGBB accounting policies in conformity with Generally Recognised Accounting Principles (GRAP); the approval of any expenditure beyond the budgeted limits and perform such other functions that from time to time may be assigned to it by the Board.

 

The Human Resources & Remuneration Committee is established in terms of section 14 of the Gambling and Betting Act, No.5 of 2997 (Eastern Cape) ("the Act").  The purpose of the Committee is to:

  • Advise and recommend to the Board on Human Resources related including but not limited to the Organisational Structure and Skills and Development, Policies and Practice;
  • To ensure that the Chief Executive Officer, Senior Managers and the Staff of the Board receive reasonable and fair rewards for their individual and combined contributions to the overall performance of the Board; and
  • Recommend to the Board on the remuneration of members of the Board.

 

 

 

The Compliance & Licensing Committee is established in terms of section 14 of the Gambling and Betting Act, No 5 of 1997 (Eastern Cape).  The Committee consider and recommend to the Board licensing investigation reports, investigation methods, the licensing, regulatory compliance, revenue audit processes and technology; conduct hearings, enquiries and evaluations on any matter presented before it; impose fines and issuing of warnings to licensees on any non-compliance matter before it; monitor adherence to the internal control procedures, compliance plans and bid deliverables by the licenses; review and enforce the findings relating to amongst others, special investigations, illegal gambling activities, cheating activities, excluded persons and patron disputes; and perform such other functions that from time to time may be assigned to it by the Board.  In addition the Committee shall consider the outcome of the legislative review process and make recommendations to the Board in respect thereof.

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