Corporate Governance

CORPORATE GOVERNANCE

In line with good corporate governance, the NRZ has a vibrant Internal Audit Branch that is headed by the Internal Audit Manager who reports functionally to the Audit Committee of the Board and administratively to the Chief Executive Officer.

Internal auditing plays a critical role in enhancing an organization's ability to serve the public interest. While the primary function of internal auditing is to strengthen governance, risk management, and control processes, its effects extend beyond the organization. Internal auditing contributes to an organization's overall stability and sustainability by providing assurance on its operational efficiency, reliability of reporting, compliance with laws and/or regulations, safeguarding of assets, and ethical culture. This, in turn, fosters public trust and confidence in the organization and the broader systems of which it is a part.

Purpose Statement

Internal auditing strengthens the organization's ability to create, protect, and sustain value by providing the board and management with independent, risk-based, and objective assurance, advice, insight, and foresight.

Internal Auditing Enhances the Organization's

Internal auditing enhances the organization's successful achievement of its objectives, governance, risk management and control processes, decision-making and oversight, reputation and credibility with its stakeholders, and its ability to serve the public interest.

Internal Audit Whistle Blowing/Hotline Facility

The organization has a ZERO tolerance to corruption. In order to inculcate a culture of honesty and integrity, the NRZ operates a Hotline/Whistleblowers facility where the public can anonymously provide information about any form of corruption, waste or misconduct happening in the organization.

For further information, contact the Internal Audit Manager on the following numbers: 029-362779 / 029-362786 or email: chiefintaudtr@nrz.co.zw.