Page 87 - DUT Annual Report 2023

Policies and Procedures continue to be infused with the Stewardship Perspective in an effort to ensure that they not only align with the regulatory framework but also serve as another basis for socialising the values and principles of the DUT.
within the Registry’s realm, but the high response rate to the annual declaration of interest. Specifically, the 100% response rate by Council, which also speaks of the tone at the top.
• Policies and Procedures continue to be infused with the Stewardship Perspective in an effort to ensure that they not only align with the regulatory framework but also serve as another basis for socialising the values and principles of the DUT. Thus, they further contribute towards shaping behaviours positively, whilst also mitigating against risk such as sub-optimal performance, fraud and corruption, as well as a toxic culture within the university.
Insurance Measures
The DUT’s asset insurance continues to be guided by appropriate policies and procedures through credible insurance company brands being utilised. Amongst the prioritised risks are the fire-related perils, undue institutional disruption, accidental damage to property/ assets, employer’s liability, public liability, and theft of property, including money.
Forward Outlook into 2024
It is perhaps prudent, as a precursor, to illuminate that, to a significant degree, the key aspirations contained in the previous year’s Forward Outlook on how 2023 would develop, have been achieved as planned during 2023.
The Risk Committee will continue to give strategic direction and play the oversight role to the ERM Unit.
MR SIKHUTHALI NYANGINTSIMBI
Chief Risk Officer
MR ZAKHELE GUMEDE
Chairperson: Risk Committee
DUT ANNUAL REPORT 2023
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