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PUBLIC SECTOR - Coggle Diagram
PUBLIC SECTOR
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PUBLIC SECTOR ENTITIES
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soc -> exec/mngmnt -> acc authority/BOD -> exec authority (Minister of Dept) -> cabinet (macro policy) -> national assembly
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EXPENDITURE
authorised spending (wasteful & fruitless)
- made in vain & could have been avoided
unauthorised spending
- overspending of a vote, exp not according to vote
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irregular spending
- contravenes PFMA, Treasury Regs etc.
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PRIVATE SECTOR ENTITIES
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board of directors report w/:
- external auditor, corp gov framework
- stakeholders, regulator/govt, shareholders
SOC GOVERNANCE
CHALLENGES
- conflicting roles of govt
- political influence everywhere
- eco failure leads to board complacency
- setting & measuring performance
- politically influenced appointments
- govt interference undermining board power
- poorly defined boundaries & responsibilities of stakeholders
SOC RISKS
- nepotism & tender fraud
- legislation non-compliance
- ineffective & inefficient service
- unreliable operational planning
- integrity mngmnt failure
- non-declarations of interests, investments &
board memberships
- tick-box approach
- compliant & corrupt simultaneously
- state capture
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