The Audit and Risk Committee (ARC) comprises four Board members and one Independent Expert. Meetings are attended by external and the internal auditors, the Chief Executive/Principal Officer, Chief Investment Officer, Chief Financial Officer, the Executive: Governance and Assurance and Executive Information Technology. Company Secretariat provides governance support and guidance to the Committee. Other members of staff attend by invitation. External and internal auditors have unrestricted access to the Chairperson of the committee as well as to the Chairman of the Board. The ARC has an independent role with direct accountability to the Board. The role of the Committee is to provide oversight of the effectiveness of the Fund’s financial, controls and risk management activities

It assists the Board with duties related to:

• Monitoring the operation of systems and controls
• Reviewing financial information

The ARC reviews the activities of External Audit, the function of which has been outsourced. The ARC is also responsible for the evaluation of the independence, objectivity, and effectiveness of the External and Internal Auditors, as well as for the review of accounting and auditing concerns identified by External and Internal Audit. The ARC assumes the responsibility for the governance of the EPPF’s Information Technology and aligning it with the performance and sustainability objectives of the EPPF.

The Membership and Benefits Committee comprises  five Board members. Meetings are normally attended by the Chief Executive/Principal Officer , Executive: Governance and Assurance, Executive Pension Administration as well as other members of  Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The role of the Committee is to primarily oversee membership and benefit matters of the Fund in accordance with the Rules, the Act and all other applicable law. As part of this role, the Committee is responsible for overseeing the investigation of death benefit claims and approving the distribution of such benefits in terms of Section 37C of the Act.

The Human Resources and Remuneration Committee (HRRC) comprises four Board members and one Independent Expert, with the Chief Executive/Principal Officer  and Executive Human Capital in attendance. Company Secretariat provides governance support and guidance to the Committee.

The role of the Committee is to provide oversight on human capital and remuneration of the Fund.

The Strategic Investment Committee (SIC) comprises  four Board members and three  external experts. Meetings are attended by the Chief Executive/Principal Officer, Chief Investment Officer, and other members of Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The Strategic Invesment Committee’s role is to provide direction and oversight to Fund Management on strategic investments and disinvestments within the Fund, and to approve investment transactions in accordance with the IPS, subject to the limits set by the Board.

The Social, Ethics and Communications Committee (SECC) comprises five  Board members. Meetings are attended by the Chief Executive/Principal Officer, CFO, CIO, Executive: Pension Administration, Executive: Governance and Assurance and other members of Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The role of the Committee is to provide oversight of the Fund’s organisational ethics, responsible corporate citizenship, sustainable development and stakeholder relationships including brand, communication matters.

The Legal and Governance Committee comprises five Board members. Meetings are attended by the Chief Executive/Principal Officer, Executive Governance and Assurance and other members of Fund Management. Company Secretariat provides governance support and guidance to the Committee.

The primary role of the Legal and Governance Committee is to oversee the effectiveness of the legal and corporate governance functions of the Fund and deal with any legal matters on behalf of the Board within the limits set in its terms of reference.

The Nominations Committee comprises five Board members, with the Executive/Principal Officer and Company Secretary in attendance.

The Nomination Committee is chaired by the Board’s Chairman. The Nominations Committee’s key responsibility is to oversee the development and implementation of various strategies for the effectiveness of the Board, including composition of the Board, Board and Committee member recruitment, Board skills needs and planning, Board and Committee performance evaluation, Board and Committee continuous professional development, and succession planning, amongst others.