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EASTERN CAPE DEVELOPMENT CORPORATION (ECDC) 
 
AUDIT RISK & COMPLIANCE COMMITTEE
East London, Eastern Cape, South Africa
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About the Role
The Eastern Cape Development Corporation (ECDC) invites applications from suitable persons for filling of a single vacancy in the Audit, Risk & Compliance Committee (ARC) of the Eastern Cape Development Corporation.

Applicants for filling the vacancy are required to have at least 10 (ten) years’ experience in Information and Communication Technology (ICT) governance, systems and controls at Senior Management or Senior Consultant level. Previous experience of having served as a member of an Audit Committee in a public entity will be an added advantage.

 
Key duties and responsibilities
1.     The purpose of the Committee is to assist the Board in discharging its duties relating to:
  • The safeguarding of assets;
  • Risk evaluation and risk management;
  • The operation of adequate financial and administration systems including internal control;
  • Accurate reporting to shareholders and other stakeholders and provision of financial statements in compliance with all applicable legal requirements and accounting standards;
  • Compliance with relevant laws, regulations and procedures.
2. The Committee provides a forum for discussing business risk and control issues and for developing relevant recommendations for consideration by the Board.
3. The Committee has oversight of the activities of the ECDC Audit function, and the External Audit function currently provided by the Auditor General.
4.The Committee shall act as a channel of communication between the Board, management, Internal and External Auditors.
5. The Committee is an advisory committee and not an executive committee except in relation to:
  • The nomination of the external independent auditor for each financial year appointed in terms of the requirements of the Company Act (as amended), Memorandum of Incorporation, PFMA and any other regulatory and legislative requirements which the Company needs to comply with;
  • The approval of non-audit services performed by the external auditor;
  • The approval of the terms of engagement of, and fees to be paid to the external auditor;
  • The approval of the appointment of the Head of Internal Audit;
  • With the exception of the items enumerated above, the Committee shall not perform any management functions or assume any management or Board responsibilities save as to delegated authority;
  • The Committee shall have an objective independent role and shall submit recommendations as appropriate to the Board for approval or final discussion.




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Reference: ECDC ARC appointments
 
Contact Person: Zimkhitha Thomas
Cell: 060 542 8601
Tell: 043 704 5730
Email: secretariat@ecdc.co.za
 
CLOSING DATE: 19 JULY 2023
 
APPLY NOW