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Skills Development Act, 1998 (Act No. 97 of 1998)


Constitution of the Safety and Security Sector Education and Training Authority (SASSETA)

Chapter Six : Committees

38. Finance Committee


38.1 Composition


38.1.1 The members of the Finance Committee shall be nominated by the chambers.


38.1.2 Each chamber may nominate two members, one representing employers and one representing employees.


38.1.3 The Chief Executive Officer and the Chief Financial Officer must attend meetings of the Finance Committee.


38.3 Duties and function


The Finance Committee must —

38.2.1 be responsible for the consideration and recommendation of the budget to the Board.
38.2.2 deal with such financial matters as may from time to time be referred to it by the Management and the Board.
38.2.3 Scrutinise policies with financial implications and make recommendations to the Board.
38.2.4 consider the cash flow and financial statements for recommendations to the Board.
38.2.5 determine the financial impact of any change to the current structure and/or establishment tables and staffing and make recommendation to the Board.
38.2.6 consider changes to the Business Plan and Budget and make recommendations to the Board.