The Board of Directors constitutes the accounting authority of ASPIRE, reporting and accountable to the ADM Council. The board is comprised of five (5) board members appointed by the parent municipality for a period of three (3) years. The Amathole District Municipality has two representatives on the Board of Directors of ASPIRE that attend board meetings. The Chief Executive Officer, as the accounting officer is accountable to the Board and is a permanent attendee of the Board of Directors meetings.
The Board of ASPIRE consists of the following sub-committees:
Audit and Risk Committee (ARC)
Section 166(1) of the Municipal Finance Management Act of 2003 provides that each municipality and each municipal entity must have an audit committee. Section 166(6) of the same Act further provides that a single audit committee may be established for, inter alia, a municipality and a municipal entity under its sole control. Thus, in terms of section 166(1) read with section 166(6) of the Municipal Finance Management Act of 2003, the council of ADM appointed an Audit and Risk Committee to serve both ADM and ASPIRE.
The committee is made up of five (5) independent members and 1 non-executive director and is scheduled to meet at least 4 times a year. As provided for in the Municipal Finance Management Act, this committee is responsible for overseeing effectiveness of internal controls, financial reporting, risk management and performance of internal auditors.
Social and Ethics Committee (SEC)
The Committee is a statutory committee in respect of those statutory duties assigned to it in terms of section 72(4) of the Companies Act of 2008. As a committee of the Board, it performs all other duties as assigned to it by the Board. The duties and responsibilities of the members are set out in its terms of reference.
The Committee monitors and has oversight over the following functional areas:
The committee is made up of three (3) non-executive directors and is scheduled to meet four times in a year.
Finance Committee
The Finance Committee assists the Board in fulfilling its oversight responsibilities on matters relating to, or having a bearing on the overall financial management and performance of ASPIRE. The focus of the committee is on matters relating to, or having a bearing on the overall financial management and performance of ASPIRE. Responsibility for policies and strategies relating to Treasury activities, supply chain management, optimum debtor's management, optimal management of capital spending and budgeting also rests with this committee. The committee will also be responsible to ensure that the Supply Chain Management Policy is correctly implemented on receipt of the Quarterly reports from Management.
The committee is made up of three (3) non-executive directors and is scheduled to meet 4 times a year.
Projects Committee
The overall objective of the Projects Committee is to address capacity constraints hampering ADM's Local Municipalities from accessing and steering Projects implementation. In its functional approach, the Projects Committee will particularly focus on gaps within wider international support on development readiness and through programmatic and capacity-embedding functions will assist targeted Local Municipalities within ASPIRE Development Agency Service area. Provision of technical assistance, knowledge creation and transfer to selected Local Municipalities and collaborating with Amathole District Municipality's PMO and other organizations on Project Development will be key functions of the Projects Committee.
The committee is made up of three (3) non-executive directors and is scheduled to meet 4 times a year.