GovernanceConducting our financial services
business with honesty and integrity.
about governance

Doing business with integrity

Corporate governance is a core function of any organisation. It is key to ensuring that South Africa's business arena operates with integrity and transparency.
Key focus areasWe've identified five key areas that cover the strategic and operational activities of the company.Risk Management

Risk Management is conducted through Enterprise Risk Management (ERM). This function facilitates strategic and operational risk management across the organisation. ERM’s aim is to maximise the reward for the understood and measured risk. As such, Risk Management includes effective and efficient risk identification, mitigation and reporting.

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Compliance

Compliance refers to the monitoring and implementation of legislation and regulations governing fields as diverse as investment advice and human resources management.

In addition to legislation and regulation Old Mutual implements best practice as stipulated by the industry's Guiding Principles.

The compliance function ensures that Old Mutual conducts its business in accordance with both the spirit and the letter of the law which is integral to the reputation of the organisation.

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Group Internal Audit

Internal Audit is an independent function that reports directly to the Audit Committee. It focuses on risks that threaten our business objectives. This assists managers achieve their objectives by looking for, and suggesting, operational improvements in the control environment.

Group Internal Audit
Group Forensic Services

Group Forensic Services (GFS) is responsible for providing fraud risk intelligence through its awareness, detection, and investigation functions. This helps Old Mutual's management prevent theft, corruption, the associated internal irregularities and identify and manage the risk of fraud.

GFS conducts investigations and fraud risk assessments independently and objectively and without undue influence being exercised in any manner by any other party or individual.

Group Forensic Services
Corporate Secretarial

Corporate Secretarial advises the Board of Directors of their statutory and operational obligations. It also ensures that all administrative requirements relating to the Boards and companies are met. In addition, secretarial provides guidance to the board in terms of ethics and good governance.

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