SOUTH AFRICA Law and Practice Contributed by: Professor Michael Katz, Matthew Morrison and Madison Liebmann, ENS
may chair this committee. It is advised that the committee generates reports that are reviewed and signed by the whole board as acknowledge - ment that their duties have been appropriately performed in this respect. King IV emphasises the board’s role in risk and opportunity oversight, proposing that the risk committee’s membership intersects with that of the audit committee for greater efficiency, and that the meeting agenda should address audit, risk and opportunity as distinct agenda items if the risk and audit roles are integrated in a single committee.
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