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FASSET | Annual Integrated Report 2022/23

The main responsibilities of the committee include, among others, the following:
• Developing policies and procedures related to risk management;
• Evaluating the effectiveness of mitigating strategies to address the material risks of FASSET;
• Reviewing processes in place or recommend processes to enable complete, timely, relevant, accurate and
acceptable risk disclosure;
• Reporting to the ARC any material changes to the risk profile of FASSET;
• Reviewing the Fraud Prevention Policy for recommendation to the ARC and approval by the Board;
• Evaluating the effectiveness of the implementation of the Fraud Prevention Policy;
• Reviewing policy documents which should incorporate compliance with laws, regulations, ethics, policies
and procedures, rules regarding conflict of interest; and
• Reviewing any material findings and recommendations by assurance providers on the system of risk
management, and monitor that appropriate action is instituted to address the identified weaknesses.

Make the future count.
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