Promotion of Access to Information Act, 2000
R 385
South African National Water Resources Infrastructure Agency SOC Limited Act, 2024 (Act No. 34 of 2024)Chapter 3 : Governance of Agency15. Shareholder's compact |
| (1) | The Minister and the Board must conclude the first shareholder’s compact within six months of the appointment of the Board and must conclude subsequent shareholder’s compacts at least 60 working days before the beginning of any financial year of the Agency. |
| (2) | The shareholder’s compact must— |
| (a) | include the operation and performance indicators against which the perfor-mance of the Agency must be measured; |
| (b) | give direction with regard to the utilisation of any surplus revenue; |
| (c) | set procedures for reporting to the Minister; |
| (d) | contain such other detail, including directives, as the Minister may require, including matters to be referred to Minister for approval; and |
| (e) | provide for the relationship between the Minister and the Agency. |
| (3) | The Minister must table in Parliament the shareholders compact of the Agency and its subsidiaries— |
| (a) | within 14 days after agreeing to the shareholder’s compact, if Parliament is in session; or |
| (b) | if Parliament is not in session, within 14 days after the commencement of the next Parliamentary session. |
