PRESENTATION
ON
GOOD GOVERNANCE AND BEST PRACTICE IN
MANAGEMENT OF PROFESSIONAL
ACCOUNTANCY ORGANISATIONS (PAOs)
AT
THE ANAN RETREAT
BY:
MR. VICKSON NCUBE
CHIEF EXECUTIVE OFFICER - PAFA
28 – 29 October 2013
GOOD GOVERNANCE AND BEST PRACTICE IN MANAGEMENT OF
PROFESSIONAL ACCOUNTANCY ORGANISATIONS (PAOs)
Main objective
To accelerate the development of the accountancy profession in the Africa and strengthen
the voice of the accountancy profession within Africa and worldwide.
Vision
To be globally recognised as the influential voice of the accountancy profession from
Africa.
Mission
To work in the public interest by leading and developing the accountancy profession in
Africa and delivering value to its members.
GOOD GOVERNANCE AND BEST PRACTICE IN MANAGEMENT OF
PROFESSIONAL ACCOUNTANCY ORGANISATIONS (PAOs)
PAFA MEMBERS BY COUNTRY
GOOD GOVERNANCE AND BEST PRACTICE IN
MANAGEMENT OF PROFESSIONAL ACCOUNTANCY
ORGANISATIONS (PAOs)
GOOD GOVERNANCE
The creation of institutional frameworks that enable an organisation deliver
on its objectives, vision and mission.
PILLARS OF GOOD GOVERNANCE
 Good enabling Law
 Good Constitution
 Good By Laws
 Well meaning leadership
GOOD GOVERNANCE AND BEST PRACTICE IN
MANAGEMENT OF PROFESSIONAL ACCOUNTANCY
ORGANISATIONS (PAOs)
GOOD GOVERNANCE
Well meaning leadership will ensure that it
interprets the law, constitution and by laws for
the benefit of the organisation
GOOD GOVERNANCE AND BEST PRACTICE IN
MANAGEMENT OF PROFESSIONAL ACCOUNTANCY
ORGANISATIONS (PAOs)
BEST PRACTICE
There will be situations that will arise in any PAO
that cannot be resolved with reference to the
law, constitution or by laws. Such situation will
require a leadership that looks at what other
similar well run PAOs resolve such situations.
This is what BEST PRACTICE is all about.
GOOD GOVERNANCE AND BEST PRACTICE IN
MANAGEMENT OF PROFESSIONAL ACCOUNTANCY
ORGANISATIONS (PAOs)
GOOD GOVERNANCE STRUCTURES
General Assembly
Open to all members
Overall policy direction
Open and robust debates on issues
Open, fair and transparent periodic elections
GOOD GOVERNANCE AND BEST PRACTICE IN
MANAGEMENT OF PROFESSIONAL ACCOUNTANCY
ORGANISATIONS (PAOs)
GOOD GOVERNANCE STRUCTURES (CONTINUED)
Governing Board/Council
Representative of will of the members
Should include other stakeholders
Responsible for developing strategies to
address policies.
Appoint CEO
Delegate authority to CEO
GOOD GOVERNANCE AND BEST PRACTICE IN
MANAGEMENT OF PROFESSIONAL ACCOUNTANCY
ORGANISATIONS (PAOs)
GOOD GOVERNANCE STRUCTURES (CONTINUED)
Management
Headed by CEO
CEO must be Chief Executive Officer and not
Chief Executing Officer)
Strategy delivery
Periodic reports to Board/Council
GOOD GOVERNANCE AND BEST PRACTICE IN
MANAGEMENT OF PROFESSIONAL ACCOUNTANCY
ORGANISATIONS (PAOs)
GOOD GOVERNANCE STRUCTURES (CONTINUED)
Leadership
To provide a viable link between Board and
management, the President (or
Presidency)and Chief Executive Officer must
be the leadership of the organisation.
GOOD GOVERNANCE AND BEST PRACTICE IN
MANAGEMENT OF PROFESSIONAL ACCOUNTANCY
ORGANISATIONS (PAOs)
PAO is larger than individuals or and Board or
Committee
GOOD GOVERNANCE AND BEST PRACTICE IN
MANAGEMENT OF PROFESSIONAL ACCOUNTANCY
ORGANISATIONS (PAOs)
Ladies and gentlemen I thank you.
Vickson Ncube
Chief Executive Officer
PAN AFRICAN FEDERATION
OF ACCOUNTANTS – PAFA
Integritas II
7 Zulberg Close
Bruma Lake, 2198
PO Box 59875
Kengray, 2100
Johannesburg, South Africa
Email:vicksonn@pafa.org.za
Telephone +27 (011) 479 0602/4
Website: www.pafa.org.za