Transcription of Risk management report - Vodacom
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Risk management report - Vodacom
Vodacom Group Limited Integrated report for the year ended 31 March 201470 Risk and control procedures are enhanced on an ongoing basis. Directors consider our strategic risks when they formulate strategy, approve budgets and monitor progress against business management throughout the Group are responsible for managing risk. They are guided and assisted by the Risk Group, which reports to the Chief Risk Officer. The process is overseen by the Risk management Committees in each operation, which were established in the 2011 financial year. The respective Managing Directors chair the local committees and includethe Executive Committee members in each Group Risk management Committee ( GRMC ), chaired by the Chief Financial Officer, convenes four times a year. This committee was established nine years ago and membership comprises the Group Executive Committee members, the Chief Risk Officer and the Managing Directors of each operating company.
Vodacom Group Limited72 Integrated report for the year ended 31 March 2014 Risk management report continued Risk Regulatory decisions and changes in regulation Increased competition
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