test

Link to SDG

1. BOARD ENGAGEMENT

The Board thinks it should conduct
more challenging, focused and
frequent engagements with
management on progress to achieving
their strategic objectives.

And, the most effective Board
engagement will be dependent on a
well-mandated
framework of assurances and/or
escalations from the Audit & Risk
Committee.

 

 

3. BOARD ASSURANCE
FRAMEWORK

The Audit & Risk Committee’s
escalation of alerts and/or reporting of
evidence to assure the Board that the
organisation is/not operating effectively
and achieving its strategic outcomes
through assessments of:





2. IDEAL MANDATE

‘The board requires its Audit and Risk
Committee to provide it with assurances
and/or escalations on the organisation’s
performance in the achievement of each of its
strategic objectives and that related risks do
not exceed the board’s risk appetite.

Assurances on ethical culture, audit, financial
controls, compliance, internal controls and
other matters the board delegates to the
committee should also be set in the context of
the same strategic objectives.’

 

 

4. ASSURANCE FRAMEWORK
ASSESSMENTS

♦ Executive strategic performance;
♦ risk management controls; and,
♦ statutory requirements, internal
   controls and established standards
   of financial oversight.