Ethical Leadership in the Public Sector

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Presentation transcript:

Ethical Leadership in the Public Sector Corporate Governance

Public Finance Management Act The Public Finance Management Act (PFMA) 1999, imposes stringent reporting and financial accountability provisions in respect of government departments and state owned entities

Main objective of PFMA The Act promotes the objective of good financial management in order to maximize service delivery through the effective and efficient use of the limited resources.

Key objectives of the Act Modernize the system of financial management in the public sector; Enable public sector managers to manage, but at the same time be held more accountable; Ensure the timely provision of quality information; Eliminate the waste and corruption in the use of public assets.