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Risk Management and Compliance Committee Chair's review

In a world where risk landscapes are increasingly shaped by digital transformation, AI-driven disruptions and shifting geo-economic conditions, MTN remains steadfast in its commitment to proactive risk management. By integrating emerging technologies into our risk management framework and enhancing operational resilience, we are not just mitigating threats, but also positioning ourselves for sustainable, future-fit growth.

Shaygan Kheradpir Outgoing Chair

Nosipho Molope Incoming Chair

Key features of 2024
  • Enhanced the tracking and reporting of key risk indicators (KRIs), which strengthened risk-informed decision making across the Group.
  • Refined the enterprise risk management (ERM) maturity model, ensuring adaptability to diverse market conditions and improved risk management effectiveness.
  • Achieved a favourable Group insurance renewal outcome, balancing risk exposure with cost efficiency.
  • Strengthened the Group Business Resilience Index, reflecting improved crisis response capabilities across Opcos.
  • Conducted executive crisis simulations to enhance leadership preparedness and response effectiveness.
  • Achieved ISO 22301 certification in select markets, reinforcing our business continuity frameworks.
  • Enhanced governance and compliance frameworks to reinforce accountability and align with global best practices.
  • Launched our control improvement project, reinforcing first-line risk ownership and automation in risk controls.
  • Strengthened anti-money laundering (AML) and counter-financing of terrorism (CFT) controls, enhancing regulatory alignment.
  • Advanced our Project Guardian, embedding robust data privacy controls and automation for compliance monitoring.
Members   Meetings
    Scheduled
Shaygan Kheradpir   4/4
Nosipho Molope   4/4
Noluthando Gosa   4/4
Stan Miller   4/4
Nicky Newton-King   4/4
Tim Pennington   4/4
Lamido Sanusi   4/4

All members are independent non-executive directors.

By invitation: Chair of the Audit Committee, Group President and CEO, Group Chief Financial Officer, Group Chief Risk Officer, Group Chief Commercial Officer, Head of Interal Audit and the external auditor.

Key focus areas for 2025
  • Implement control self-assessment methodologies to enhance first-line risk capability.
  • Align risk and control taxonomies with the combined assurance framework for improved governance and integration.
  • Enhance Group ERM methodologies to align with evolving technological advancements, incorporating AI-driven analytics, automation and data-driven risk management practices.
  • Expand AI-powered horizon scanning for enhanced external risk monitoring and proactive mitigation.
  • Conduct resilience benchmarking assessments, refining market-specific risk response strategies.
  • Strengthen disaster recovery (DR) functional testing to ensure robust operational continuity measures.
  • Expand crisis simulation exercises to enhance leadership responsiveness to emerging threats.
  • Review the risk appetite framework to respond rapidly to changes in the operating environment.

Mandate:

The committee provides strategic oversight of risk management, ensuring proactive identification, mitigation and monitoring of emerging threats and opportunities. It also oversees compliance and governance to maintain resilience and alignment with MTN's strategic priorities.
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