Page 38 - KZN Film A Report

core values of the organisation which must manifest on a daily basis as a way of life and that of doing business.
During the period under review, the organization embarked on re-evaluating its values and unpacking each value in a manner that every employee was able to identify with and understand. Training sessions were held to educate employees on acceptable standards of delivery thereby entrenching KZNFC’s commitment to principle 1 of the King Code on Good corporate Governance pertaining to ethical leadership and ethical culture.
Health Safety and Environmental
Issues
The Entity has a Health and Safety Committee appointed to look after all health and safety issues in the workplace. On environmental issues, the Entity has endeavoured to ensure that its systems are automated and therefore paperless in order to reduce carbon emissions. With respect to the industry at large, the entity has produced guidelines for environmental sustainability. The information has been shared with the industry practitioners and with the Municipalities.
In addition, the organisation has embarked on the development and implementation of a socio-economic development framework, which will enable the organisation to contribute to sectors of the economy that do not directly relate to its core mandate. This will also contribute to enhancing the organisation’s commitment to being a good corporate citizen.
Furthermore, the organisation had undertaken various projects specific to the development of the film industry thereby ensuring that the industry continues to remain relevant and transformed. The organisation has herald relationships with key stakeholders in this regard to ensure the prospective and aspiring film makers as well as other industry pertinent individuals are appropriately trained and skilled.
Company Secretary
Ms. Ayanda Manqele was appointed as company secretary during the year under review and subsequently resigned on 2nd October 2020. Ms. Aneesa Ahmed was thereafter appointed as of November 2020.
Audit and Risk Committee Report
The ARC is established in terms of enacting legislation together with the Companies Act and is mandated by the KZNFC Board via its Charter. The committee comprises two
(2) independent non-executive board members and one (1) independent non-executive member. During the reporting period, the members of the committee were:
Musa Mzimela − Chairman (independent member) Nozizwe Mthembu
Denga Ramuedzisi
The company secretary provided secretarial services to the committee.
The ARC is mandated to provide oversight on governance, control, and risk management processes. In fulfilling this role, the committee performs, inter alia, the following activities:
• Overseeing processes that relate to the safeguarding of
assets; the operation of adequate systems, control, and reporting processes; and the preparation of accurate reporting and financial statements in compliance with the applicable legal requirements and accounting standards
• Overseeing the appointment, performance, and activities of internal and external audit and ensuring co-ordination between assurance providers to achieve combined assurance
• Overseeing the development and implementation of enterprise-wide risk management policies, frameworks, and processes that consider a broad range of risk categories, which include strategic, operational, IT, and financial risks
• Reviewing KZN Film Commission’s annual report which includes separate annual financial statements and any other public reports or announcements that contain financial information and then recommending these to the board for approval
• Receiving and dealing with any complaints concerning the accounting practices, internal and external audit, or the content and audit of its financial statements or related matters, including those submitted through whistleblowing processes
• Reviewing the committee’s work plan and charter annually and making recommendations to the Board regarding its effectiveness
The committee’s performance evaluation was completed, and the members were satisfied that the ARC performed as mandated during the period.
External Audit
The committee:
• Approved the external audit engagement letter, the audit
plan for the reporting period audit, and the budgeted
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KZN FILM COMMISSION ANNUAL REPORT 2020/2021