In 2010 four Board Committees were approved with the following mandates:
The Committee objectives are to assist the Board in safeguarding assets, monitoring internal control systems, identify and monitor risks as well as designing and implementing appropriate systems to manage the risks.
The Committee mandate is to ensure that the Chief Executive Officer acts in terms of legislation on licensing and examines proposed suspensions of licences and gives judgement.
This Committee is mandated to design remuneration strategy and policies and monitor market remuneration trends.
The Committee’s objectives are to oversee litigation processes with regards to suits by or against the Commission and to scrutinise proposed legislation or amendments to existing legislation.