E Mkondo (Chairperson), Dr S Jogi
This committee has written terms of reference and is tasked with ensuring financial discipline within the Group, sound corporate values and financial procedures. It is further tasked with reviewing and approving the interim and annual financial statements of the Group and considering any accounting practice changes.
The Committee deliberates on the reports and findings of the internal and independent auditors and also recommends the appointment of the independent auditors and approves their fees.
The audit partner and audit manager are invited to attend all meetings. Both the internal and independent auditor have unrestricted access to the Audit Committee to ensure their independence and objectivity.
Group Investments Committee
This Committee formulates investments strategy and policy as well as reviewing the performance of money market, equity and property investments within the First Mutual Holdings Group.
The Committee assists the Board in implementation of its investment policies and ensures that portfolio management is conducted in accordance with the Group’s policies.