Our Governance
Governance as the strong foundation of SANBS’ business
Our Governance
Reporting frameworks, process and combined assurance
Other recurring matters addressed by the committee during 2025 included:
Oversaw progress made on the Procure-to Pay (P2P) and Order-to-Collect (O2C) projects
Considered and recommended the FY2025/2026 Budget for approval by the Board
Considered contract variations ahead of recommending to the Board for final approval
Received updates on the progress on the e-procurement system, and SAP Ariba to improve the procurement system’s efficiency, stability, and security
Recommended that the Board approve a price rate adjustment of 5% for FY2025/2026 after due consideration of constraints faced by the healthcare sectors
Finance function
- Considered the adequacy and competence of the finance function
Integrated reporting
- Considered appropriate sections of the integrated report and recommended these to the Board for approval
- Considered outcomes of the sample of Balanced Scorecard Key Performance Indicators (KPIs) that are assured by the auditors (actual achieved compared with target) for inclusion in the integrated report
Governance
Reviewed and recommended the terms of reference to the Board for approval following discussion on the committee’s responsibilities regarding internal audit considering the new global auditing standards
Reviewed and approved the annual work plan, aligned to responsibilities regarding internal audit
Held in-committee sessions with the internal auditors, external auditors and management separately as required
Future focus areas 2026
- Continue monitoring the financial control environment and supply chain management; and reviewing the work performed by the internal auditors, including deliberating on their recommendations and overseeing that any weaknesses are promptly addressed
- Continue interaction with management and other assurance providers in striving to ensure a reliable and effective control environment
- Ongoing monitoring of the progress and maturity of the Combined Assurance process
- Continue to deliberate the Finance Report
- Oversee progress on P2P, O2C and Ariba systems implementations
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