Governance

Corporate governance reflects the manner in which we conduct our business.

Major documents associated with the Foundation's corporate governance practices are:

Committees

Budgets – oversees the preparation and review of the budget and keeps track of all financial transactions for accountability purposes.
Audit – reviews the auditors’ performance, audit policies, procedures and reports, as a direct link between the Board and the auditors.
Financial Statements - reviews the Company’s financial statements, the effectiveness and compliance with accounting policies and standards and adequacy of disclosures.
Risk Management – reviews policies and reports on all major categories of risk including, but not limited to, overall business risk in the Company’s operations, financial, procurement, insurance, taxation, litigation and natural disaster as well as other matters deemed appropriate.

This committee works to promote the organisation and its activities to stakeholders.

To oversees all communications activities of FAAW
Develop the FAAW Communications Plan in line with strategic objectives and available resources that:
- Identifies potential new markets to generate interest for the organisation's services or products
- Promotes the organisation's services to the community
- Builds a good relationship with the media, sponsors and members
To generate brand consistency across all activities of the Foundation
To ensure the proprietary database, website and other IP is being maintained and used to maximum effect.

This committee reviews the composition of the Board to ensure it comprises Directors with the right mix of skills and experience to enable it to fulfil it responsibilities to stakeholders.
Identify and recommend suitable candidates for the Directorships to ensure continuity.
Review and drive the Executive Succession Planning.