TO THE MEMBERS OF REUNERT LIMITED
The audit and risk committee has pleasure in submitting
this report, as required in terms of the Companies
Act (No 61 of 1973), as amended. The audit and risk
committee consists only of non-executive directors
who act independently as described in section 269A
of the Companies Act.
During the year under review four audit and risk
committee meetings were held. At these meetings the
committee performed its duties in respect of the group,
its divisions and subsidiaries as required in terms
of the Companies Act, the audit and risk committee’s
charter and in accordance with its mandate as approved
by the board. A detailed list of the functions and
duties of the committee is contained in the corporate
governance section of the report.
The audit and risk committee has satisfied itself
that the external auditors of the group, its divisions
and subsidiaries are independent as Companies Act and
are thereby able to conduct their audit functions without
any influence from the group.
The audit and risk committee has satisfied itself
that the external auditors of the group, its divisions
and subsidiaries are independent as defined in the
Companies Act and are thereby able to conduct their
audit functions without any influence from the group.
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