77 • Oversight on ARC Ltd. governance practices and policies • Offering recommendations based on OECD Principles of Corporate Governance • Evaluation of the Board’s composition for diversity and efficacy • Overseeing CEO and Board appointments and performance • Approving Board and staff remuneration policies GOVERNANCE COMMITTEE RESPONSIBILITIES AUDIT & RISK COMMITTEE RESPONSIBILITIES FINANCE & INVESTMENT COMMITTEE RESPONSIBILITIES UNDERWRITING & REINSURANCE COMMITTEE RESPONSIBILITIES • Oversight of the organisation’s accounts and risk mitigation strategies • Assessing the effectiveness of external and internal auditor functions • Ensuring compliance with the Company’s code of ethics/conduct • Monitoring and reviewing regulatory and legal compliance • Oversight on the Company’s financial viability and fund diversification • Stewardship of public funds • Management of operational costs • Ensuring socially responsible and sustainable investments • Providing guidance on underwriting processes and monitoring performance • Overseeing solvency and capitalisation requirements • Reviewing Africa RiskView calculation engine validation reports SAFEGUARD I NG VALUE FOCUS AREAS 2023 FOCUS AREAS 2023 FOCUS AREAS 2023 FOCUS AREAS 2023
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