Interfront 2023 Annual Report

50 INTERFRONT ANNUAL REPORT 2023 Remuneration of Board Members National Treasury regulates the remuneration level for Interfront’s independent, non-executive Board and committee members and approval is granted by the Minister of Finance. Mr Mustaq Enus-Brey, an independent, non-executive director, Chairperson of the Interfront Board, and member of the Remuneration, Social and Ethics Committee, is remunerated as Chairperson and as a member of a Board subcommittee. NAME MEMBER’S FEES COMMITTEE FEES TOTAL MUSTAQ ENUS-BREY 17 498 1 010 18 508 STEWART VAN GRAAN (resigned February 2023) 11 796 752 12 584 The remuneration paid to the Executive Directors is set out in  Part E: Financial Information  . No fees or remuneration is payable by Interfront to the non-executive directors who are also employees of the Shareholder. Risk Management Interfront’s Risk Management Policy was adopted in 2018 and will be reviewed to accommodate the addition of the Tax team and the associated business risks. Interfront has a Risk Management Forum comprising EXCO and senior members of the Interfront management team. The Committee meets regularly and before each new financial year to review the Risk Register for inclusion in the Annual Performance Plan. On 1 March 2023, Interfront’s Executive Committee and senior members of staff attended an Enterprise Risk Management Training programme. The Risk Register is presented to the Interfront Board at least twice every financial year and on occasions when a new, emerging risk has been identified. The Risk Register is also presented to the Interfront/ SARS Audit and Risk Committee quarterly for the members’ input and review.