Enterprise Risk Committee

The committee advises the board on company’s overall risk appetite and strategy based on current and prospective macroeconomic and financial environment with the following responsibilities:

• Monitor organisation’s risk profile;
• In relation to risk assessment:
  • Review and approve the risk management infrastructure and the critical risk management policies adopted by the Company.
  • Review regularly and approve the parameters used in these measures and the methodology adopted.
  • Set a standard for accurate and timely monitoring of large exposures and certain risk type of critical importance.
• Overseeing executive team has identified and assessed all the risks and established risk management infrastructure to address them.
• Define risk review activities regarding decisions, initiatives, transactions and exposures.
• Understand and approve management’s definition of risk related reports to the committee regarding full range of risks as well as their form and frequency.
• Review and assess the effectiveness of the Company’s Enterprise Risk Management processes and recommend improvements.