Audit and Risk Assurance Committee
Key committee engagements
Held an Executive Session involving Committee Members, the Consultant and Management.
Promoted transparency, constructive challenge and effective oversight.
Met with external auditors to discuss audit scope, independence, plans, findings and prior year recommendations.
Strengthened confidence in the quality and independence of assurance processes.
Co-opted the Technology and Enterprise Solutions Officer into quarterly meetings to provide insights on information technology and cybersecurity risks.
Enhanced oversight of technology and emerging cyber risks.
Engaged Legal and Board Affairs on litigation risks, particularly land-related matters.
Improved understanding and management of legal exposures.
Consulted external legal counsel on land matters and prospective investments.
Strengthened investment governance and risk-informed decision-making.
Engaged project teams and contractors responsible for real estate developments to review project status, risks, timelines and deliverables.
Strengthened project governance, delivery assurance and protection of investment value.
Key milestones
Audit Plan fully executed and recommendations implemented by management.
Strengthened the control environment and improved operational effectiveness across the Fund.
Employer compliance improved significantly, resulting in substantial recovery of contribution arrears.
Increased contribution collections, strengthened liquidity and protected member benefits and long-term value.
