AUDIT COMMITTEE

This committee provides independent oversight of Kia Africa’s financial reporting and internal control systems, third party agreements and service standards; and ensures that checks and balances are in place within the organisation.

STRATEGY, FINANCE & COMMITMENTS COMMITTEE

With overall responsibility for managing the Group’s balance sheet, capital commitment, underwriting and business development activities of the Group. They regularly conduct strategic reviews of our operating environment and our funding position and capitalization and make adjustments as required in light of challenges in the environment, risks and exposures.

RISK MANAGEMENT & COMPLIANCE COMMITTEE

This committee has been established with the primary responsibility of ensuring the effective functioning of the integrated risk management framework within the firm including, credit risk, market risk, operational risk, legal risk and reputational risk.

In addition to the above committees, we have implemented a robust and effective Risk Management and Control Framework to monitor, evaluate and manage the major risks we assume in carrying out our activities. We believe that effective risk management is crucial to the success of our business and protection of our customers.