1. (a) The time frame for the Chairperson of the Audit and Risk Committee is 3 years, which can be renewable for another 3-year term as provided for in the Audit and Risk Committee.
(b)The Chairperson of the Audit and Risk Committee has served for a period of 5 years, and he is serving his second and final term.
(c) He was re-appointed unanimously by Council in its meeting held on 14 June 2019, after his effectiveness, independence and objectivity was evaluated by the Chairperson of Council.
2. There is no legal requirement to advertise the position every three years. The Charter states the term of office (3 years) and indicates that the Accounting Authority may renew the contract once, which is to a maximum of 6 years. In exceptional circumstance where a member has resigned, died or automatically terminated, the position may then be advertised only if there is no prospective substitute member.
3. As stated above, the Chairperson of the Audit and Risk Committee is serving his second and final term. It is not good governance for a Chairperson of any Institution to serve over the prescribed term of office and the Charter does not allow for such. PACOFS applies the principles of KING IV to advance effective and excellent corporate leadership.
4. The current Chairperson is not a government employee at Treasury Northern Cape. He is compensated for being a Chairperson of Audit and Risk Committee according to rates determined by the National Treasury and approved PACOFS remuneration policy.
5. No, the institution has not received a clean audit under the leadership of the current Audit & Risk Committee Chairperson. Noteworthy is that the current Chairperson joined PACOFS in 2016 after it received a disclaimer of opinion in the financial period 2015/16. Under his leadership and active oversight role, he has since steered the institution to obtain an unqualified audit opinion in the period 2020/2021, a significant improvement worth noting since the past three financial period.
(b) The Chairperson of the Audit and Risk Committee has no role to play in the implementation of the recommendations of the Morar Investigation report, as it is Council’s responsibility to implement the recommendations of the report.