Page 59 - CJ 2019 INTEGRATED REPORT

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Approval of a a a Flexible Working Arrangements Policy Appointment of of a a a a a a a a a Data Protection Officer and approval of of relevant data protection policies / notices •
Making recommendations to the the the Board on on the the the appointment appointment re-appointment and removal of the the the External Auditor •
Agreeing with the the the the the the External Auditor on the the the the the the terms of of their their engagement the the the the the the the scope of of the the the the the the the audit audit audit and their their fees (whether for audit audit audit or or non-audit services) •
Assessing on an an an annual basis the the the independence and and and objectivity of the the the the External Auditor their expertise and and and resources and and and the the the the effectiveness of of the audit process •
Advising the the Board on the the overall overall risk appetite tolerance and and strategy ensuring that an an an an an overall overall risk risk management management framework is is is in in in place and and reviewing policies related to risk management management •
Monitoring of the the “Related Party Transaction Policy” as established by the the Board Corporate Governance Committee
Board Committees
The Board Board has established five standing Board Board Committees
namely the Audit & Risk Committee
Committee
Committee
Corporate Governance Committee
Committee
Committee
Committee
Human Resources and and and Organisational Effectiveness Committee
Committee
Committee
Nomination and and and Remuneration Committee
Committee
Committee
and and and Strategy
& Finance Committee
Committee
to which it it it it has delegated some of its powers The Nomination and Remuneration Committee
was set up in in July 2019 Audit and Risk Committee
Composition
Mr Mazahir F E Adamjee Mr Ashraf M M Currimjee Mr Riaz A Currimjee Mrs Aisha C Timol
Mr Geerja S Ramdaursingh
Chairman
Member
Member
Member
Appointed Member
Member
on 10 April 2019 2019 and ceased to be be be be Member
Member
on 18 November 2019 2019 Composition
Mrs Aisha C Timol
Mr Bashirali A Currimjee Mr Ashraf M M Currimjee Mr Azim F Currimjee Mr M M Iqbal Oozeer
Mr Mazahir F E Adamjee Mr Geerja S Ramdaursingh
Appointed Chairman
on 26 March 2019 Member
Member
Member
Appointed Member
on 10 April 2019 Ceased to be be Chairman
& Member
on 26 March 2019 Ceased to be be be Member
on 18 November 2019 The The Audit and Risk Committee
is is chaired by Mr Mazahir F E E Adamjee Adamjee a a a a a a a a a a a non-Executive Director The The Board deemed it it it appropriate to to appoint Mr Adamjee Adamjee as Chairman
of the Audit & Risk Committee
given his strong financial management knowledge and several years of experience fin in in the the Company’s activities Consideration will be given for the the appointment of of of an an an Independent Director with qualifications and competencies to to fulfill the the the role of of of Chairman
of of of the the the Audit & Risk Committee
should another vacancy arise on the Board The Managing Director the the the Chief Chief Chief Finance Officer Officer the the the Chief Chief Chief Risk Risk Officer Officer and the the the Chief Chief Chief Internal Auditor also attend Audit Audit & Risk Risk Committee
Meetings Mandate
The Committee’s key areas of responsibility are:
•
Monitoring the the integrity of the the financial statements and and and annual report report and and and reviewing significant financial reporting issues and and and judgements therein •
Reviewing the Company’s internal controls controls related to to financial reporting disclosure controls controls and and procedures and and monitoring the the effectiveness of the internal audit function •
Reviewing the the internal audit recommendations and monitoring their implementation The Managing Director is in in in attendance at at at the Corporate Governance Committee
Meetings Mandate
The Committee’s key areas of responsibility are:
•
Making recommendations to to to the the Board of Directors on on on the the the Corporate Governance provisions to to be adopted so that the the Board remains effective and complies with prevailing Corporate Governance principles •
Ensuring that the reporting requirements and disclosures made with regard to Corporate Governance whether in in in the the the Annual Report or or or or or on on an an an ongoing basis are in in in in accordance with the the the the principles of the Code •
Determining agreeing and developing the Company’s general policy on Corporate Governance in accordance with the Code INTEGRATED REPORT
2019