ELIZABETH FERGUSON

• Acted as CAE between January 2021 to October 2023, appointed to substantive CAE position on 2023-11-01

Role: To provide assurance on internal controls put in place to mitigate risk in the execution of the Corporation's mandate. To evaluate and provide guidance on how to improve the effectiveness of risk management, internal controls, compliance and governance processes. Provide an aggregated view of findings, potential opportunities, and areas of improvement that impact strategic objectives and business performance.

Role: To plan monitor, review, and report on results of audit assignments carried out with aim of ensuring effectiveness of controls, economic use of resources and as well as compliance with statutory provisions, internal policies and international best practice.

Main duties include:

• Preparation of Risk based annual audit plan and quarterly board reports detailing results of reviews and recommendations for presentation to and approval from Finance and Audit Committee.
• Manages Internal Audit section, prioritization and allocation of audit work, review of working papers and provision of professional guidance and on job training to subordinates.
• Carries out special audit assignments and investigations outside of the approved audit plan as directed by Management and/or the Board and its Committees.
• Member of Investment Committee, this is a risk committee where all potential investment/projects are appraised before being passed onto Exco for approval.

Role: To ensure that the company is conducting its business in full compliance with all laws and regulations that pertain to the industry, as well as professional standards, accepted business practices, and internal standards.

Main Duties include:

• Ensured regulatory compliance through monitoring, reporting, and adherence to policies and procedures.
• Reported material breaches to the Board and coordinated responses to inspections by the Regulatory Authority.
• Oversaw internal controls to meet statutory and regulatory requirements.
• Secretary to the Board of Directors, ensuring effective governance support

Role: Planned, monitored, and reported on audit assignments to ensure effective controls, optimal use of resources, and compliance with statutory provisions, policies, and international best practices.

Main duties include:

• Planned and executed risk-based audit plans and presented reports to the Audit Committee.
• Led and supervised the Internal Audit function, including staff development and review of work.
• Produced executive and board reports highlighting key risks and control gaps.
• Conducted special audits and investigations as directed by management and the Board.
• Oversaw risk management processes, ensuring timely escalation and corrective action.
• In the business units are reported and monitored and where necessary escalated to relevant person(s) and Committee(s) and corrective action is taken.

Role was to ensure that the Group operates in accordance with policies established by the Board. To ensure that the Corporation's procedures were adhered to and any possible weaknesses identified and also to assist the organizations accomplish their objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of Risk Management, Control, and Governance Processes.

Main duties:

• Contribute to the development and implementation of the BDC corporate strategy.
• Provide direction in the development of annual audit plans.
• Evaluate and advises on the risk and impact of long-term planning, introduction of new strategies and regulation.
• Perform additional duties as may be directed by the Board.
• Assist management and the Finance and Audit Committee in the effective discharge of their responsibilities by carrying out other independent audit investigations, reviews and analyses as per the risk based operational plan.
• Evaluate and provide assurance that risk management, control and governance systems are functioning as intended in order for the Corporation's operational and strategic objectives to be met.

My Main role as Principal Internal Auditor was to ensure that the group operates in accordance with policies established by the Board. To ensure that the Corporation's procedures are adhered to and any possible weaknesses are identified and also to assist the organizations accomplish their objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of Risk Management, Control, and Governance Processes

Main Duties:

• Conducted risk assessments to inform annual audit plans.
• Planned, supervised, and executed audits across the BDC Group to safeguard assets and investments.
• Prepared divisional budgets and monitored performance.
• Managed the Group’s Whistleblowing Policy, ensuring thorough investigation and closure of all cases.
• Participated in consultancy assignments as directed by the Group Internal Auditor.
• Served as a member of the Credit and Investment Committee, evaluating risks on potential investments/projects.

• Execution of audits for BDC subsidiary companies to ensure protection of corporation's assets and investments.
• Systems documentation and testing of internal control procedures.
• Preparation of audit reports detailing all findings to be brought to attention of divisional heads.
• To perform follow up on previous audit recommendations and to ensure corrective action have been taken.
• Attending to Queries raised by the Group Internal Auditor on reports presented.
• Secretary to Strategy Monitoring Committee.