LIMPOPO GAMBLING BOARD A/REPORT 2022/23

Part C: Governance .................................................................................................................77 1. Introduction ................................................................................................................. 78 2. Portfolio Committees..........................................................................................................79 3. Executive Authority.............................................................................................................79 4. The Entity ................................................................................................................. 80 4.1 . Introduction................................................................................................................. 80 4.2. The Role of the Board................................................................................................81 4.3. Board Charter.............................................................................................................81 4.4. Composition of the Board...........................................................................................82 4.5. Audit and Risk Committee..........................................................................................85 4.6. Human Resources, Ethics and Social Committee/Human Resource and Remuneration Committee*..................................................................................86 4.7 . Compliance and Enforcement Committee.................................................................86 4.8. Remuneration Committee..........................................................................................87 4.9. Corporate Social Investment (CSI) Committee..........................................................87 4.10. Remuneration of Board Members..............................................................................87 5. Risk Management...............................................................................................................88 5.1. Nature of Risk Management......................................................................................88 5.2. Risk Management Process........................................................................................88 5.3 . Progress made in Addressing Risks Identified ........................................................... 89 6. Internal Control Unit............................................................................................................89 7. Internal Audit and Audit and Risk Committees...................................................................90 7.1. Objective and Role of Internal Audit ........................................................................... 90 7.2. Progress Report for the Year.....................................................................................90 7.3. Key Activities and Objectives of the Audit and Risk Committee ................................ 91 8. Compliance with Laws and Regulations.............................................................................93 9. Fraud and Corruption.........................................................................................................93 9.1. Whistle Blowing..........................................................................................................93 10. Minimising Conflict of Interest . ........................................................................................... 93 11. Code of Conduct.................................................................................................................93 12. Health, Safety and Environmental Issues..........................................................................94 13. Company Secretary............................................................................................................94 14. Social Responsibility...........................................................................................................94 15. Audit and Risk Committee Report......................................................................................95 15.1. Introduction................................................................................................................. 95 15.2. Audit and Risk Committee Responsibilities...............................................................95 15.3. The Effectiveness of Internal Control.........................................................................95 15.4 . In-Year Management and Monthly/Quarterly Report.................................................95 15.5. Evaluation of Financial Statements............................................................................96 15.6. Auditor’s Report . ........................................................................................................ 96 16. B-BBEE Compliance Performance Information..................................................................97

LIMPOPO GAMBLING BOARD

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