Strategic planning and performance management: (i) In line with section 5(1)9a)(i) of the PFMA, read with TR 27.2.1, the SABC required to maintain an effective, efficient and transparent system of risk management. The risk management strategy, policy framework and risk register was approved by the accounting authority in February 2012; (ii) No formal policies and procedures were approved by the accounting authority and prepared in terms of section 51(1)(a)(i) of the PFMA, which describes how the SABC processes of performance planning, monitoring, measurement, review and reporting should be conducted, organised and managed; (iii) the shareholder's compact for 2011/2012 was only approved by the executive authority (Minister of Communications) on 20 April 2012 which was not in line with TR 29.2.1.