Pan American Silver Corp. is the second-largest primary silver mining company in the world. It is proud to be recognized as a leader in exploration, workplace safety, responsible development and mine operation. Until 2007, there was no independent internal audit function and the charter needed to be built from the ground up.
In this profile, Hik Park, Director of Internal Audit, discusses how he shaped the internal audit charter and built the team with limited resources. Park made a point to hire specialists with non-audit skills for his team. He believes future audit leaders need the ability to help the company navigate a relentless and ever-evolving regulatory environment and that the goal for internal audit is to help management and the organization to stay within the limits and use good sense in their business.