Conditions - Annexure G

Management’sphilosophy and operatingstyle1(f)2, 2321(e)Responsibilities and expectations for theadministrator’s business activities andthe administrator’s philosophy aboutidentification and acceptance of businessrisk are documented and clearlycommunicated to those in charge ofthose functions as well as policies andprocedures to detect, prevent fraud andmanage risk as well as to preventmisappropriation of funds assets aredocumented, communicated andreinforced.Management has documented andimplemented mechanisms to anticipate,identify, analyze, evaluate and managethrough exception reporting, anydeviations from any internal control,policies and procedures.Management responds to departuresfrom internal control, policies andprocedures in a timely manner.Management manages compliance withrelevant Acts and regulations pertainingto administration business8