63 / 108
Key activities in 2017
•
•
Reviewed MTN’s risk management structures, policies and methodologies
•
•
Focused attention on cyber security risks and vulnerabilities and assessed the potential
impact of cybercrime on the organisation and MTN’s readiness to manage such eventualities
•
•
Introduced new risk appetite and tolerance methodology
•
•
Monitored among others, the corporate governance framework, including regulatory and
listings requirements and business practices, with the objective of strengthening risk
management processes
•
•
Continued to evaluate and monitor MTN’s business continuity approach and processes across
the group as well as the group’s insurance programme
•
•
Ensured that all opcos have compliance processes in place to keep abreast of local standards
and procedures pursuant to any changes in laws applicable to MTN’s markets
•
•
Ensured appropriate risk management practices are in place to support the group’s growth
agenda
•
•
Assessed the risks of key strategic projects.
Key focus areas for 2018
•
•
Embed risk appetite and tolerance methodology
•
•
Continue to benchmark our risks and exposure to both industry-specific risks and those
emanating from the socio-political and economic environment
•
•
Continue to review and align MTN’s top risks to industry guidance, as well as those impacting
our strategy and functions, while remaining sensitive to the dynamics of MTN markets
•
•
Identify some of the best demonstrated operational risk management processes in particular
markets and embed these across the group
•
•
Continue to focus on addressing any gaps identified in MTN’s application of King IV
•
•
Oversee the implementation of a revised risk and compliance operating model.
MTN Group Limited
Integrated Report 2017
61
Governance, people
and remuneration