Governance Committee
The Governance Committee has the responsibility to advise
PASA Council on the satisfactory performance of PASA as
a body, as well as the various Committees, in terms of
the requirements of proper governance. The Committee performs
its function by evaluating the adequacy of the procedures
and controls of the various committees constituting PASA.
The Committee evaluates the risk management procedures
and controls as well as the performance of the Risk Advisory
Committee. The Committee also serves the function normally
performed by an audit and finance committee by monitoring
the financial and administrative practices, controls policies,
reviewing the budget and performance against budget.
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The Governance Committee is made up of the Deputy-chairperson
of PASA, a member from one of the banks representing
the "smaller" banks plus one other member and
is constituted by Council. The South African Reserve
Bank has a standing invitation to participate in the
activities of the Committee.
The current members of the committee are:
- Mercantile Bank Limited
- The Standard Bank of SA
Limited
- Nedbank Bank Limited
- South African Reserve Bank
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