The group maintains systems of internal control over the financial reporting and safeguarding of assets against unauthorized use, acquisition and disposal. The systems of internal control incorporate suitable segregation of duties wherever possible and the delegation of authority to suitably appointed and trained personnel. There are inherent limitations in the effectiveness of any systems of internal control, including the possibility of human error and the circumvention of overriding controls. Accordingly even effective internal control systems can provide only a limited amount of assurance with respect to financial statement preparation and safeguarding of assets. Furthermore the effectiveness of an internal control system can change with circumstances.

Corrective action is taken as and when control deficiencies or opportunities for improvement in the systems are identified. Management has under the direction of the executive committee implemented appropriate processes to monitor compliance with and report contravention of internal control procedures. A business process group and the Accounting Division assist in the task. The group also makes use of the latest information technology systems to assist in the establishment of internal control practices, such as SAP which is an industry leading finance, accounting, procurement, payment, stock management and other solution process provider and IBS which is a pay TV specific billing and customer management system. The Audit Committee has also established an independent internal audit department to assess the effectiveness of internal controls and to report non compliance. External auditor also undertake a selective review of internal controls as part of their audit field work and report any weaknesses or non compliance identified in such field work to the Audit Committee. Nothing has come to the attention of the Board of Directors (through the Audit Committee) to indicate that any material breach of those controls has occurred during the year under review.

The Company has established a Risk Management Committee consisting of key executives in the Group. This committee is tasked with formerly documenting risks inherent to the business, likelihood of such risks occurring and potential impact on the business. It will also be responsible for assessing appropriate risk reduction procedures for risks with high probability of occurring and high impact on business. This responsibility has historically sat with various executives in the group and this process aims to formalize the risk management process and is considered necessary given the increased complexity of he business and operating environment