Finance Committee

The Finance Committee established in terms of section 14 of the Gambling and Betting Act, No 5 of 1997 (Eastern Cape)

ROLE AND FUNCTIONS OF THE COMMITTEE

The Committee review and recommend to the Board of its:

  • Business Plans;
  • Strategic Plan (5-year);
  • Annual Performance Plan (3-year);
  • Operational Plan (1-year); and
  • Finance policies

It  review and recommend the annual financial statements, and any other publicly released financial statement, of the Board; any change in the Board’s financial year or tax year;  any material change in the ECGBB accounting policies other than changes which bring the ECGBB accounting policies in conformity with Generally Recognised Accounting Principles (GRAP); the approval of any expenditure beyond the budgeted limits and perform such other functions that from time to time may be assigned to it by the Board.

 

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