Corporate Governance

ABML has a well-established internal risk management framework which operates through the Board, Board Sub-Committees and management committees. The three sub-committees to the ABML Board and their respective terms of reference are:
 

• Audit Committee (146KB)
• Remuneration and Governance Committee (184KB)
• Risk Management Committee (245KB)
• Digital Committee

Identifying and managing conflicts of interest is fundamental to the conduct of our business as Absa Group Limited, in term of our relationships with customers and the markets in which we operate. Understanding the conflicts of interest that impact or potentially impact the businesses enables us to handle them appropriately.
 

Even if there is no evidence of improper actions, a conflict of interest can create an appearance of impropriety that undermines confidence in AGL and its employees. If we do not identify and manage our conflicts of interest appropriately, we could harm customers and the markets in which we operate. To find more on how we manage our conflicts of interest, please contact us.

Absa Bank (Mauritius) Limited (the bank) is governed by an Enterprise Risk Management Framework where controls, through policies and standards, are enforced to risk manage identified critical risks faced by the bank. Policies and standards are regularly reviewed and subsequently approved by the board of the bank in addition to the board of Absa Group Limited. The policies and standards are posted on the organisation’s intranet, accessible to its employees.
 

The bank has implemented a set of policies for data management, information security, cyber security and technology risks so as to have a holistic controlled approach for confidentiality, integrity and availability of information created, processed, transmitted, stored and disposed by the Bank. The policies and standards cover information which can be accessed both logically and physically while regular training and awareness programmes are done to ensure common understanding across the Bank.
 

As per the Enterprise Risk Management Framework, the Bank has also implemented appropriate governance and monitoring teams across different lines of defence, who are responsible to monitor adherence to these policies and standards while assessing their operating effectiveness. Governance forums like the Risk Forum and the Control Forum, which are comprised of relevant members of the Management, are used to review and track remediation of any non-adherence to these policies and standards.

Information Security and Safety

Absa Bank (Mauritius) Limited has implemented a set of frameworks, standards and policies for its information security, data privacy, cyber risk and technology risk to maintain the confidentiality, Integrity, and availability of its information assets and protecting them from unauthorised access, disclosure, alteration, or destruction.

Security measures to help you bank safely

The objective of Internal Audit is:

To assist the Absa Bank (Mauritius) Limited board and executive management to protect the reputation, the sustainability and the assets of Absa Bank (Mauritius) Limited; 

To provide independent, reliable, valued, insightful and timely assurance to the Absa Mauritius board and executive management over the effectiveness of governance, risk management and control over current, systemic and evolving risks in the context of the current and expected business environment.

The above is in accordance with the International Professional Practices Framework and the Definition of Internal Auditing.

Click on the link to access the Internal Audit Overview document

Click on the link to access the Internal Audit Charter document 

Click here to access the Profiles of Internal Audit Employees document 

Click here to access the Internal Audit Organisation Structure