Deadline: 4 November 2016
The Communal Property Associations and Trusts that operate under the Land Reform Programme are inviting applicants for its Vumelana Governance Award 2016 in order to reward and encourage the adoption of good governance practices by Communal Property Institution (CPIs). Effective governance of these bodies is vital for the wellbeing of their members and requires:
- Ensuring that the CPI is properly constituted with an approved constitution, that properly elected governing structures are in place, and that AGMs are held and well attended.
- The members and membership rights and obligations and policies for member management are well defined.
- Policies and procedures exist to guide the administration and operation of the CPI.
- Financial management systems are managed in accordance to policies and procedures and that management accounts and audited annual financial statements are produced.
- Having the capacity to administer the property and other resources under its control through an effectively organised and managed office.
Prize Information
The following awards will be made to organisations that best demonstrate good governance practices:
- First Prize: R200 000
- Second Prize: R100 000
Eligibility Criteria
- The Vumelana Governance Award is open to Communal Property Associations and Trusts registered in South Africa.
- Applications will be considered from organisations that have benefitted from the Land Reform Programme and are registered under:
- The Communal Property Associations Act No. 28 of 1996, or
- The Trust Property Control Act 57 of 1988.
How to Apply
Interested applicants must download the application form via given website.
Eligible Country: South Africa
For more information, please visit Vumelana Governance Award.