Responsible for all matters relating to the oversight of the fund investments. The committee examines the investment consultants’ recommendations, ensures compliance with the Investment Policy Statement, Regulation 28, and Reserve Bank requirements, and assesses and monitors performance to ensure the goals of the funds are achieved.
Administration and Communication Committee
Audit & Risk Committee
Established in terms of the King Code on Good Corporate Governance, this committee has appointed SNG Grant Thornton to conduct a specific internal audit programme, with an emphasis on the security of our assets and in ensuring compliance in all areas of administration and information technology.
The committee performs many oversight responsibilities of the MIRF Board, including: the financial reporting process; the systems of internal controls; the audit process; monitoring compliance with laws and regulations; carrying out investigative work relating to the risk and governance issues of the funds; making recommendations on the appointment of accounting firms; and pre-approving all auditing and non-audit services provided by the external auditors.