The Audit Committee assists the Board in discharging its duties in relation to financial reporting, asset management, risk management, internal control systems, processes and procedures and monitors the quality of both the external and internal audit functions. The Bank’s external auditors and internal auditors report to the committee in their independent, private meetings, to discuss the status of the Bank’s internal controls and exposures to risks. Where the Committee’s monitoring and review activities reveal causes for concern or scope for improvement, it makes recommendations to the Board on required remedial actions.

The Audit Committee comprises three non-executive Directors, one of whom acts as Chairman. The Committee meets at least twice a year.

Memberships

• Willem Swart (Chairman)
• Modecai Msisha SC
• Constance Musopole