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Risk Committee

Updated: 20 Mar 2017
Consists of 5 INEDs (including the Board Chairman as the chairman of the Committee)

Major roles and functions
  • To advise the Board on the Group’s risk appetite statement(s), risk principles and other risk-related issues
  • To oversee risk management framework to identify and deal with financial, operational, legal, regulatory, technology, business and strategic risks faced by the Group
  • To approve the Group’s risk policies and risk tolerances, and review risk reports and breaches of risk tolerances and policies
  • To consider emerging risks relating to the Group’s business and strategies to ensure that appropriate arrangements are in place to control and mitigate the risks effectively
  • To review the effectiveness of the Group’s risk control/mitigation tools
Operating mode
Meet at least 4 times a year with additional meetings as the work demands

Risk Committee Report
The work done during each year is summarised in the Risk Committee Report as contained in the annual report