Who we are | Governance
 

Structure of the Board

The INSETA Board comprises six constituent nominees who represent the interest of business, six constituent nominees who represent the interest of labour, two ministerial appointees and one independent chairperson.  The INSETA Board provides strategic direction to management and plays a crucial oversight role. The Board is appointed by the Minister of Higher Education and Training. SETAs are registered as public entities and as such, comply with the provisions of the Public Finance Management Act.

Governance

The INSETA’s Board and Management has identified good corporate governance, as one of its critical success factors, by setting the highest standards that comply with best practice.  Corporate governance with regard to INSETA is applied through the rules of the Public Finance Management Act (PFMA) and is aligned to the principles contained in the King III Report on Corporate Governance. The Accounting Authority of INSETA is ultimately responsible for corporate governance.

The Board is supported in its functions and duties by the Audit Committee, the Finance, IT & Administration Committee and the HR/Remuneration Committee all of which have been functional since the establishment of INSETA. The Audit Committee is governed by a Charter, which outlines its roles and responsibilities.  The Finance, IT & Administration Committee and HR/Remuneration Committee abide by a Terms of Reference.

INSETA has compiled a Fraud Prevention Plan and a high-level risk profile has been developed to identify, manage and control the business risks of the SETA.  Numerous divisional policies have also been implemented to manage the day-to-day operations of the SETA.  These policies are approved by the Board and are reviewed from time to time. 

Minimising conflict of interest

INSETA has a number of strategies in place to minimise conflict of interest in supply chain management.  All Supply Chain Management (SCM) practitioners and INSETA managers regular SCM refresher training. The practitioners also signed the INSETA Code of Conduct for SCM officials which provides for disclosures. A record is kept of all disclosures and all bid/ tender committees have disclosure processes. There is adequate segregation of duties to avoid potential conflict of interest in the various SCM and payment roles. INSETA also maintains a gift register where all gifts received by officials are recorded and this register is reviewed regularly.

Code of Conduct

All employees sign a Code of Conduct /Ethics when they commence their employment with INSETA. Suppliers who contract with INSETA have to sign a Code of Conduct for Providers. This raises awareness that a certain standard of behaviour and ethical conduct is required when transacting with INSETA. Where there is a breach of the relevant codes, INSETA is entitled to pursue a remedy either disciplinary or by other rights granted by the contract.