BEESA Free Info Session ISBEE-01

TO WHAT EXTENT IS YOUR ORGANISATION EXPOSED TO FRONTING RISK?

A FREE ESD Intermediate Info Session on the risks of Fronting

Course details

Date: 28 September 2017
Time: 08h30 for 09h00 – 11h30
Venue: BEESA Business Services,
05 Sherborne Road,
Unit 03 Sherborne Square,
Off Jan Smuts Avenue, Parktown
Cost: FREE
CourseSpeaker-SullivanMphahlele

Sullivan Mphahlele

Senior Supply Chain Consultant

Sullivan has a Higher Diploma Tax Law from the University of Johannesburg, a B Com Honours from the University of Natal, a B Com and a Higher Education Diploma from the University of the North.

Sullivan has worked closely with the Department of Trade and Industry (DTI) to identify the best ways to communicate the effect of implementation and management of B-BBEE in South Africa.

Sullivan has held numerous management level positions in large corporates both locally and abroad and now serves a Senior Supply Chain Consultant on the BEESA Transformation Consulting team.

The Amended B-BBEE Codes of Good Practice have brought with them the increased potential risks of B-BBEE Fronting. The signing of affidavits by the Commissioner of Oaths does not exonerate you from implementing controls to prevent and protect your organisation from Fronting risks.

Weak or a lapse of due diligence procedures exposes corporates to governance risks. The Fronting risk could not only damage the hard earned reputational image of your organisation and goodwill but could also have material adverse financial implications to your organisation.

THIS SESSION WILL INCLUDE:
  1. Obligations to reduce and manage the potential fronting risk.
  2. The legislative framework.
  3. What is B-BBEE fronting?
  4. The inherent risk of fronting in Ownership structures.
  5. What are the potential consequences of being found to be fronting?
  6. Please note that this is not a seminar dealing with structuring of Procurement or Enterprise and Supplier Development transactions but rather an introduction to dealing with due diligence and controls to manage your supplier data base and related challenges.

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