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INTERNAL CONTROLMintek maintains internal controls and systems designed to provide reasonable assurance asaccountability of assets. The effectiveness of these controls is monitored by the internal auditors,who report to the Audit Committee. The Audit Committee has requested management to review andevaluate Mintek’s existing internal controls to identify areas that can be improved upon.INTERNAL AUDITMintek’s independent Internal Audit (IA) function has been established in-house and has been capa-assists Mintek to accomplish its objectives by adopting a systematic, disciplined approach to evaluateand improve the effectiveness of risk management, control and governance processes. The IA functionhas direct access to the Audit Committee.RISK MANAGEMENTrisks facing the organisation. The Committee provides the Audit Committee with a risk assessment reportat appropriately scheduled intervals. Mintek utilises the services of insurance brokers on an annual basisto analyse and assess the risks associated with Mintek’s assets, which are insured, together with publicliability and professional indemnity, for the risk assessed.Table 3. Attendance of Corporate Risk Management Committee at Board MeetingsNameSep2006 2007Dr. Roger Paul (Chairman and GM representing technology activities) Y YMr. Vimlan Govender (Business and GM representing corporate services) Y YMr. Nick Maritz (Site services and facilities) Y YMs. Hester Pretorius (Finance) Y YMs. Salwa Duyver (Human Resources) Y YDr. Dave Hulbert (Information Technology) Y YMr. Doctor Gule (Information Technology) Y YMr. Hennie Venter (Secretary and QES) Y YMr. Afzal Patel (Security) Y YMr. Jaques Fourie (Internal Audit) Y YY: Attended meeting. N: Did not attend meeting.HUMAN RESOURCES COMMITTEEthree members of Mintek’s Executive Management. The Committee reviews and determinesthe remuneration and terms of employment for Mintek, and as part of this process, givesconsideration to the annual review of remuneration packages based on independentsurveys. The Committee also looks into HR policies, internal controls, circumstances,conditions and activities that affect material changes to policies and procedures andconditions of service for all employees and compliance with demands and vested interests ofTable 4. Attendance of Human Resources Committee Members at Human ResourcesCommittee MeetingsNameJul Dec2006 2006Mr. Morake Abiel Mngomezulu N YDr. Frank Crundwell N NProf. Phuti Esrom Ngoepe N NDr. Nozibele Pauline Mjoli Y NMs. Gugu Mthethwa N YY: Attended meeting. N: Did not attend meeting.Mar53annual report 2007