South African National Water Resources Infrastructure Agency SOC Limited Act, 2024 (Act No. 34 of 2024)Chapter 3 : Governance of Agency16. Establishment of committees |
| (1) | The Board must establish at least the following committees to support the effective functioning of the Board: |
| (a) | Social and Ethics; and |
| (b) | Audit and Risk. |
| (2) | The Board must— |
| (a) | assign members of the Board to serve on a committee, based on their knowledge and skills; and |
| (b) | determine the— |
| (i) | terms of reference of a committee; |
| (ii) | composition of members of a committee; |
| (iii) | tenure of members of a committee; |
| (iv) | reporting mechanisms for a committee to the Board; and |
| (v) | process for the removal of any member appointed to a committee. |
| (3) | Non-executive members of the Board must be in the majority on any committee. |
| (4) | The composition of members on no two committees may overlap completely. |
| (5) | The Board may procure specialists or advisors for technical support to a committee. |
| (6) | Unless specially delegated by the Board, a committee has no decision-making powers and may only make recommendations for consideration by the Board. If decision-making powers are delegated to a committee, decisions will be made with a 75% majority of the members delegated to each of the committees established by the Board in terms of subsection (1) and assigned in terms of subsection (2). |
| (7) | A committee must meet as often as is necessary to perform its functions and in accordance with such procedure as the committee may decide. |
| (8) | A non-executive member of the Board must be appointed as the chairperson of a committee. |
| (9) | For committee members who are not Board members, including specialists and advisors, remuneration and allowances as set out in section 12(2) apply. |