King IV Report on Corporate Governance

The GEMS Board of Trustees formally adopted the King IV Report on Corporate Governance for South Africa, 2016 (King IV Report) with effect from 1 January 2018 by means of Board Resolution 2 of 2017. 

Audit Committee (AC)

The Board of Trustees, in terms of section 36(10) of the Medical Schemes Act 131 of 1998, are required to appoint an audit committee of at least five (5) members, of which at least two (2) shall be members of the Board of Trustees.  The remaining three (3) members must be independent of the Board, including the Chairperson.  An Audit Committee Charter that provides guidance to its members determines its authority and duties.

Clinical Governance and Administration Committee (CGAC)

The role of the Clinical Governance and Administration Committee ("the Committee") or ("CGAC") is to support the Board of Trustees ("the Board") or (BoT) in ensuring effective oversight of, and reporting on the following:

Risk Social and Ethics Committee (RSEC)

Human Resources and Remuneration Committee (HRRC)

The role of the Human Resources and Remuneration Committee (HRRC) is to assist the Board of Trustees of the Government Employees Medical Scheme (Board) to ensure that the Board of Trustees (Trustees), Independent committee members, Executives and employees are remunerated fairly, responsibly and transparently so as to promote the creation of value in a sustainable manner and with the long-term interests of the Scheme in mind.