The Board and Audit and Risk Committee Sample Clauses

The Board and Audit and Risk Committee. As the Accounting Authority in terms of the PFMA, the Board has a fundamental role in the management of risk. It will:  receive an opinion from the Audit and Risk Committee that will include its review of the processes of risk management and internal control;  consider risk issues as they affect Board decisions;  review key strategic risks that will be analysed annually alongside the strategic plan;  periodically review risks as part of the monitoring of the annual operating plan.
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Related to The Board and Audit and Risk Committee

  • Audit Committee (A) The Audit Committee shall be composed of five members who shall be selected by the Board of Directors from its own members, none of whom shall be an officer of the Company, and shall hold office at the pleasure of the Board.

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