Mr A Essop: CEO led the presentation which highlighted the following key issues: . Overview: The CHE appointed a new CEO and two other senior management members in the year under review for organizational stability. Organisational structure and functions were reviewed to expand the mandate of the Council. . A key focus area for the CHE in the year under review was to address weaknesses, which adversely impact on operational efficiency and effectiveness. In this regard, the CHE revised human resource policies, benchmarked the salary structure and completed a comprehensive compliance audit. . The two key challenges of the CHE were a lack of systematic monitoring, in particular, policy impact studies and quality assurance was not used as a steering tool to complement planning and funding. . Advice and Monitoring: The CHE received a request for advice at the end of March 2011 on the establishment of a Central Applications Office, the establishment of a Community Service Scheme for Graduates and the role of the CHE in strengthening teaching and learning. . The CHE facilitated a Consultative Workshop on the establishment of a National Stakeholders Forum. . The State of Higher Education Indicator project was initiated in January 2010. Research projects done by the CHE included: Survey of Student Engagement, Effectiveness of the LLB Degree and State of Private Higher Education. . Publications: Publications by the CHE included: Access and Throughput in SA Higher Education, Teaching and Learning beyond Formal Access and Report on National Review of Academic and Professional Programmes in Education. . Institutional Audits: The first cycle of Institutional Audit was completed. The University of KwaZulu-Natal Audit Report was withdrawn and the university would be audited in the second cycle starting in 2012 which will also focus on teaching and learning. . Programme Accreditation: 248 new programmes were assessed, 130 private provider programmes evaluated for re-accreditation. . Corporate Service: Internal and external audit identified gaps and weaknesses in the application and implementation of systems, policies and procedures in finances, supply chain and human resource. An action plan was developed to address findings, monitored by the Executive Committee and Audit Committee. . Financial Statement: The CHE received an unqualified audit from the AG with three emphases raised: Irregular expenditure of R6 million on building renovations undertaken in the past two financial years, fruitless and wasteful expenditure of R5 million on tax penalties, and late and incorrect submission of financial statements. The CHE had a total income of R39 million and spent R36 million.