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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 Seven : Finances and Fiduciary Responsibilities

40. Fiduciary duties of Board


40.1 The Board must, as contemplated in section 50 of the Public Finance Management Act:
40.1.1 exercise the duty of utmost care to ensure reasonable protection of the assets and records of SASSETA;
40.1.2 act with fidelity, honesty, integrity and in the best interest of SASSETA in managing the financial affairs of SASSETA;
40.1.3 on request, disclose to the Minister all material facts, including those reasonably discoverable, which in any way may influence the decisions of the Minister; and
40.1.4 seek, within the sphere of influence of SASSETA to prevent any prejudice to the financial interests of the state.


40.2 A member may not:
40.2.1 act in a way that is inconsistent with the responsibilities assigned to SASSETA in terms of the Public Finance Management Act; or
40.2.2 use the position or privileges of, or confidential information obtained for personal gain or to improperly benefit another person.


40.3 A member must
40.3.1 disclose to the Board any direct or indirect personal or private business interest that that member or any spouse, partner or close family member may have in any matter before SASSETA; and
40.3.2 withdraw from the proceedings of SASSETA when that matter is considered, unless the Board decides that the member's direct or indirect interest in the manner is trivial or irrelevant.