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MultiChoice South Africa Holdings Proprietary Limited
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Integrated annual report 2017
The board reviewed the effectiveness of the
system of internal control for the year ended
31 March 2017 by con rming the board-
approved combined assurance model. This
con rmation is based on the annual
management self-assessment in the form of a
formal con rmation per representation letters by
executive management. Consideration was also
given to input from internal audit, external audit,
compliance, risk management and other
assurance providers. Where necessary,
programmes for corrective actions have been
initiated. Nothing has come to the attention
of the board to indicate that any material
breakdown in the functioning of internal
controls occurred during the year.
INTERNAL AUDIT
An internal audit function is in place throughout
the group. The head of internal audit reports to
the chair of the MultiChoice audit committee,
with administrative reporting to the MultiChoice
group chief nancial of cer.
NON-AUDIT SERVICES
The group’s policy on services provided by the
independent external auditor provides guidelines
on dealing with audit, audit-related, tax and
other non-audit services that may be provided
by the independent external auditor. It also sets
out services that may not be performed by the
independent external auditor.
IT GOVERNANCE
Information technology (IT) governance is
integrated in the operations and risk-
management processes of the MultiChoice
businesses. Management of each subsidiary/
business unit is responsible for ensuring effective
processes for IT governance are in place.
Internal audit provides assurance to
management and the audit committee on
the adequacy and/or effectiveness of
IT governance processes.
COMPANY SECRETARY
The company secretary is responsible for
guiding the board on discharging its
responsibilities in terms of legislation and
regulatory requirements. Directors have
unlimited access to the advice and services of
the company secretary. The company secretary
plays a role in the company’s corporate
governance and ensures that, in accordance
with pertinent laws, the proceedings and affairs
of the board, the company itself and, where
appropriate, shareholders are properly
administered. She is also the company’s
delegated information of cer and attends all
board and committee meetings.
Lurica Klink stepped down as the MultiChoice
group company secretary, with effect from close
of business on 9 June 2017, in order to pursue
her career in Media24 Holdings Proprietary
Limited. Carmen Koopman was appointed as
the group company secretary for MultiChoice
with effect from close of business on 9 June
2017. The board has reviewed the quali cations,
experience and arm’s length relationship of the
company secretary and is satis ed therewith.
CORPORATE GOVERNANCE REVIEW
(CONTINUED
)
OUR BOARD
(CONTINUED)