| (1) |
The Board must submit to the Minister an annual report within five months of the end of each financial year in respect of the Agency to include— |
| (a) |
the audited financial statements including, but not limited to, profit and loss statements, statement of financial position and statement of cash flows; |
| (b) |
the audit reports and any necessary commentaries on those financial statements; |
| (c) |
detailed performance against targets; |
| (e) |
shareholder instructions and achievement of performance against these instructions, including an analysis of factors likely to affect achievement of such performance or create significant risks; |
| (f) |
significant and material transactions concluded and their respective values; |
| (g) |
information required under the Companies Act for public companies; |
| (h) |
a report on corporate governance; |
| (i) |
a business sustainability report; |
| (j) |
risk management systems implemented by the Agency; and |
| (k) |
such other information as may be prescribed. |
| (2) |
The Board must submit to the Minister the Agency’s unaudited financial statements by no later than 31 May of every year. |
| (3) |
The Minister must table a copy of the annual report contemplated in subsection (1) in Parliament. |
[Section 17B substituted by section 4 of the National Small Enterprise Amendment Act, 2024 (Act No. 21 of 2024), GG50965, Notice No. 5049, dated 23 July 2024 - effective 1 October 2024 per Commencement Notice 190 of 2024]
Protection of Businesses Act, 1978
