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Risk Committee

Updated: 09 Aug 2018
Composition
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, profile and tolerance
  • To oversee risk management framework to identify and deal with financial, operational, legal, regulatory, technology, reputational, information security and cyber risks, and strategic risks faced by the Group
  • To review the Group’s risk policies, risk reports and breaches of risk tolerances and policies
  • To consider current and emerging risks and risk exposures 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 and risk management functions   

  • 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
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