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MultiChoice South Africa Holdings Proprietary Limited
Integrated annual report 2018
As part of the roles and responsibilities of
the chief executive, Imtiaz Patel became a
member of the committee with effect from
8 June 2018.
Member qualifications and meeting
attendance can be found on
pages 74 to 76.Members of the board and senior
management responsible for various areas
of risk management attended the quarterly
meetings by invitation during the year. The
standard meeting agenda caters for specific
discussions of risks associated with
information and technology; business
continuity; regulatory; taxation and litigation.
During the year, no external advisers were
invited to attend any of the meetings.
Risk profile
The risk profile of the group is the result of the
board’s appetite for risk (nature and extent)
and management’s ability to deliver
performance within predetermined tolerance
variables. Such variables are monitored and
reported on during the operational and
strategic reporting cycles to support progress
made with regard to the board’s directed
strategy. Results from the enterprise-wide risk
management process are integrated into the
business’s strategic, operational, reporting
and compliance monitoring activities, and
form part of ongoing management
responsibilities.
statements indicating the nature and extent of
the risks and opportunities the group is willing
to take, are reviewed and commented on by
the risk committee twice a year (in November
and March). This is supported by a heatmap
demonstrating the relative positioning and
movement of key risks facing the group.
The risk management framework plan and
budget are reviewed annually by the risk
committee. Risk reporting, including details
with regard to business continuity, is part of
each meeting’s documentation to the risk
committee for discussion that facilitates the
monitoring of the management of risks, which
is integral to the execution of the committee’s
duties.
Committee composition
The committee comprises at least three
independent non-executive directors as well
as the chief executive and chief financial
officer.
The names of the members who were in
office during the past financial year are:
Name of committee
member
Date of first
appointment to
the committee
Don Eriksson (chair)
8 March 2007
Salukazi Dakile-
Hlongwane
11 August 2010
Steve Pacak
1 April 2009
Elias Masilela
1 April 2015
Uvashni Raman
1 June 2016
Risk management report
(continued)
Review
(continued)