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


Constitution of the Financial and Accounting Services Sector Education and Training Authority (FASSET)

6. Executive Committee (EXCO)


6.1 Composition


The management board will appoint an EXCO from amongst its members.


EXCO will consist of 7 representatives, being the chairperson and vice chairperson of the management board, the chairpersons of the finance and communications committees, one employer representative, one employee representative and the chief executive officer.


The chairperson of the management board or, in his absence a designee of his, will chair this committee.


6.2 Term of office


Representatives appointed to the EXCO will hold office for a period of 2 years, in alignment with the terms of office of the management board.


6.3 Meetings of the Executive Committee (EXCO)


EXCO shall meet at least 4 times a year, at such times as it may determine.


The chairperson of the management board may schedule such additional meetings as may be necessary.


EXCO will report, through the chairperson of the management board and/or the chief executive officer, to the management board on a quarterly basis.


EXCO will at no time have decision-making authority save for that authority delegated to it by the management board, which authority may be withdrawn at any time.


6.4 Meeting procedures (EXCO)


EXCO shall regulate its meetings as it deems fit. The procedures for the meetings of WCO, including quorum, minutes and chairing, are detailed in Section 8 of Fasset's Rules of Procedure. Alternates will not be permitted at meetings of EXCO.


6.5 Voting procedures


The voting procedures for EXCO are detailed in Section 8 of Fasset's Rules of Procedure.