Risk Management and Internal Control function

The Board has committed the Agency to a process of risk management that is aligned to the principles of good corporate governance. Risk Management is an integral part of responsible and accountable management, and the Agency has adopted an integrated approach to the management of risks in the execution of its mandate.

The identification and management of risks by all employees within the Agency will assist in ensuring that risks that may impact the objectives of the Agency are pro-actively identified and mitigated.

The Board assumes the role of oversight over risk management and its implementation through the Audit and Risk Committee. Furthermore the Executive Committee has the responsibility of managing the strategic and operational risks associated through the Risk Management Forum which has representation from all Divisions.

The Internal Control function exists to assist in providing assurance in the internal control systems implemented by the Agency in its quest for sustainability through enhancing the control environment and reducing adverse audit findings from non-compliance to set controls.

Implementation Plans and quarterly reports on the Risk Management and Internal Control activities are drafted and submitted to the Board through the Executive Committee and the Audit and Risk Committee.

All employees through the implementation of risk and control measures play an essential role in the successful execution of the Risk and Internal Control mandate, which assists to provide assurance that the objectives of the Agency will be achieved in an economic, efficient and effective manner.

The Risk and Internal Control team comprises of:

1. Thapelo Matsapola: Manager Risk and Internal Control
2. Thabiso Memela: Risk Officer

The Risk Champions compromise of: