SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Investigate issues of governance that impact on the different role players in a selected sub-sector 
SAQA US ID UNIT STANDARD TITLE
242610  Investigate issues of governance that impact on the different role players in a selected sub-sector 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
Governance is a major issue in business. This Unit Standard is intended for learners who are involved in internal audits and management positions who need to see big picture governance and the relationship between business practices down the line. It would be useful for Boards of Trustees, Administrators, Boards and Executive Managers, Audit Committees, Managers, Senior Managers, Risk Managers, Fund Managers Trustees, Healthcare Intermediaries and Principal Officers.

The qualifying learner is capable of:
  • Demonstrating knowledge and insight into corporate governance in the 21st Century.
  • Demonstrating knowledge and insight into legislation and codes of good practice that impact on a specific sub-sector.
  • Applying the principles of corporate governance to a specific entity.
  • Suggesting ways to implement or improve corporate governance in a selected organisation. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 4 and are working towards or have a Level 5 Financial Services Qualification or equivalent. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • The commonly accepted code of good practice as at February 2006 is King 11. The current code should be used if King 11 is replaced as the commonly accepted code in South Africa. International codes, include, but are not limited to, the Cadbury Report, the Combined code (UK) Committee of Sponsoring Organisations (COSO - the Tredway commission) and COCO.
  • Legislation includes, but is not limited to, the Labour Relations Act, Employment Equity Act, Basic Conditions of Employment Act, Medical Schemes Act, Pension Funds Act, and other industry specific legislation.
  • Measurement of governance structures against best practice includes, but is not limited to, how governance structures operate, directors, boards, committees, sub-committees (remuneration, risk management, internal audit, accounting, auditing) relations with members or shareholders and communication with stakeholders.
  • Areas for improvement include governance structures and best practice. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate knowledge and insight into corporate governance in the 21st Century. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of governance is explained with reference to best practice. 

    ASSESSMENT CRITERION 2 
    The governance structures of an organisation are investigated to determine function and role in an organisation. 

    ASSESSMENT CRITERION 3 
    Reasons for the major emphasis in 21st Century on governance are explained with reference to international trends. 

    ASSESSMENT CRITERION 4 
    Behavioural issues related to corporate governance are explained with reference to ethics, conflict of interests and organisational values. 

    SPECIFIC OUTCOME 2 
    Demonstrate knowledge and insight into legislation and codes of good practice that impact on a specific sub-sector. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The impact of the Companies Act and Labour Legislation on the governance of a selected entity is explained with examples. 

    ASSESSMENT CRITERION 2 
    Commonly accepted codes of good practice are analysed and compared to determine current trends in good practice. 

    ASSESSMENT CRITERION 3 
    Industry or sector specific legislation is analysed in terms of what each Act legislates concerning the role players and governance for a selected sector. 

    SPECIFIC OUTCOME 3 
    Apply principals of corporate governance to a specific entity. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The implications of triple bottom line reporting are explained for a specific entity. 

    ASSESSMENT CRITERION 2 
    Governance structures in a selected entity are measured against best practice to determine deviation and reasons for non-compliance. 

    ASSESSMENT CRITERION 3 
    Statements, codes and policies in an organisation are analysed and compared to principles of governance and the de facto application in an organisation. 

    SPECIFIC OUTCOME 4 
    Suggest ways to implement or improve corporate governance in a selected organisation. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Areas in an organisation where there is scope for improvement are identified and suggestions are offered to enhance good governance. 

    ASSESSMENT CRITERION 2 
    Internal and external audit reports and other relevant information are analysed to determine appropriate interventions for a specific medical scheme. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in suggesting ways to improve corporate governance in an organisation. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in measuring governance structures in an organisation against best practice. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to see the world as a set of related systems in seeing the relationship between big picture governance and business practices down the line. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    Search words:
  • Corporate governance, governance, ethics. 
    		•

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  57918   National Certificate: Short Term Insurance  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  INSETA 
    Elective  66611   National Certificate: Wealth Management  Level 5  NQF Level 05  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.