Page 29 - Niveus - Integrated report 2013

A disciplined and timeous reporting structure enables the committee to be fully
appraised of group company activities, risks and opportunities. This is achieved by
requiring that subsidiaries report their key risks and responses to the committee and
update the board when significant changes have taken place.
The chairman of the committee reports to the board of Niveus on the most significant
risks derived from the above process.
Preparation of the annual financial statements and
competence of the financial director
As required by the Listings Requirement 3.84(h), the audit and risk committee has
considered and has satisfied itself of the appropriateness of the expertise and
experience of the financial director, Ms Muriel Loftie-Eaton, whose curriculum vitae
appears on page 9.
The audit and risk committee has further considered, and has satisfied itself
of the appropriateness of the expertise and adequacy of resources of the Niveus
finance function and the experience of the senior members of management
responsible for the finance function.
Recommendation of the integrated annual report
The committee has evaluated the integrated annual report of the Niveus Group for
the period ended 31 March 2013 and, based on the information provided to the
committee, the committee recommends the adoption of the integrated annual report
by the board.
Yunis Shaik
Chairman: Audit and risk committee
16
September 2013
CORPORATE GOVERNANCE
Niveus Investments Limited integrated Report 2013
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