The Government Owned Entities Bill, 2014 Clause 12 states that;- There shall be incorporated by the National Treasury, under the Companies Act, a company to be known as the Government Investment Corporation Limited. 

The Company shall be wholly owned by the national Treasury. 

The Company shall be the holding company for the national government in state corporations and shall in that regard exercise ownership, investment and oversight roles over state corporations on behalf of the national Treasury. 

 

The Company shall— 

 

(a) Exercise the role of investor on behalf of the national government in State corporations and in particular develop a dividend, recapitalization and privatization policy; (b) Exercise the role of investor on behalf of the national government in government-linked corporations and hold the interests of the national government in such corporations on behalf of the national government; (c) Ensure that state corporations operate and comply with government policy and that their operations are in tandem with strategic national interests; (d) Set targets, approve business plans and sign performance contracts with State corporations (e) Oversee State corporations on matters concerning their governance and management including financial propriety, operations and adherence to code of governance; (f) Formulate guidelines for— i) the appointment of board members, chief executive officers and staff of State Corporations through a competitive and transparent process; ii) The monitoring and evaluation of Boards of state corporations; and iii) The establishment of subsidiaries of State Corporations; (g) Approve business plans and budgets and set agreed on performance contracts with Boards of State Corporations; (h) Monitor and evaluate the performance of boards of state corporations and carry out regular governance audits

QUESTIONS

1.explain how Rotation of duties decorates the HRM?

2.elaboarate on the necessity for Routine and automatic checks a sin the working of the human resource management

3.as an auditor evaluating the percentage of completion of the goal of the HRM, when is it oaky to initiate the confirmation stage?

4.does evaluating have any impact on the HR department when being audited in the normal way?

5.what is the goal of the Management Letter in ensuring auditors access all the information needed of the HRM?

6.internalize on Use of assertions in generating audit evidence when digging information about the HR department

7.is inspection a good method of obtaining audit evidence for human resource management? how?

8.why are Inquiry and confirmation two basic scenarios for any efficient human resource management department?

9.explain Recalculation and re-performance as factors influencing the extraction of audit information in HRM

10.what are the limits of the Analytical procedures in HRM audits?

Answer rating: 100% (QA)

1 Rotation of duties in HRM refers to the practice of periodically transferring employees from one job to another within the organization This can decorate the HRM by providing employees with a broade... View the full answer