Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Marketing, Advertising and Communication (MAC) Sector Charter

3. Constitution of the MAC Charter Council

10. Financial Management
Purchase cart Previous page Return to chapter overview Next page

 

 

10.1The financial year of the MAC Charter Council shall be the period commencing on 1 April of each year and ending on 31 March.

 

10.2Financial books will be kept in accordance with general accepted accounting principles.  Financial reports will be presented to the council at every standing meeting. The Secretariat shall arrange for an annual audit to be conducted and presented to the council.

 

10.3The MAC Charter Council shall have all the powers necessary to carry out its mandate.