The Risk Management Committee of the Company is constituted in line with the provisions of the Regulation 21 of the SEBI Listing Regulations. RISK MANAGEMENT COMMITTEE-TERMS OF REFERENCE. The Company Secretary shall be the Secretary of the Committee or in his/her absence, another person authorised by the Chairman of the Committee. The Point of Change of Ownership (PCO) shall be at the line side connection of the generator disconnect switch located on the Interconnection Customers disconnect switch structure. This agreement describes the benefits, exclusions, conditions and limitations provided under your plan. The transformers will be fed on a single 34.5kV circuit back to a collector substation (North Country Solar Collector Station) using a mix of overhead and underground feeder lines (Collection Feeder Lines). 4 0 obj Members of Risk Management Committee 1) Mr. Lee Chin Guan - Committee Chairman (Independent Non-Executive Director) 2) Mr. Lai Wan meeting on 16 October, 2012 - "Risk Management increases the confidence of all IITA stakeholders in the Institution"; according to the DG, the objective will be to develop and monitor the Institute's Risk Management process. . ATTENDANCE AND MEETINGS The Contractor shall include in his plan the names and resums of the Project Superintendent, Project Manager and the person in charge of Safety. A decision of the RC taken by vote shall require a Simple Majority. B. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Procurement of all goods and works shall be undertaken in accordance with such procurement plan as shall have been approved by the Association, and with the provisions of said paragraph 1. In the event of any inconsistency or contradiction, the Members Agreement shall prevail. Clause: Risk Management Committee ("RMC") Terms of reference. In the intervals between Committee meetings, for exceptional matters requiring urgent decisions, the Committees approvals may be sought via circular resolutions to be supported with sufficient information required for an informed decision by the Committee.QuorumThe quorum for the RMC meeting shall be two (2).SecretaryThe Company Secretary shall be the Secretary of the Committee or in his/her absence, another person authorised by the Chairman of the Committee. 2.1 The quorum of the Executive Risk Management and Monitoring Committee will be two. model risk, and financial reporting and tax risk). INTRODUCTION The Accounting Officer of Overstrand Municipality has established the Risk Management Committee to assist Council with its risk governance responsibilities. Terms of Reference. x[[o~B,;Ch >(4m%wgf)H2~3 Terms of Reference for the Risk & Security Committee 1.0 Membership 1.1 The members of the Committee shall be at least three non-executive Directors. Meetings of the RC will be called by the Secretary at the request of the Chair, by any of the RC members, with notice of such meetings being provided at the earliest opportunity. The quorum shall be three members of the RC for any meeting at which the Committee's delegated powers are to be exercised. We're sorry, but the asset that you're looking for is no longer available. (v) to review and advise the Board on the potential risk strategies and, if deemed fit, to recommend to the Board of Directors of the Company to approve any acquisitions, investment and/or divestments of assets or properties, including any acquisition of landed properties via outright purchase and/or joint venture (but excluding any acquisitions and/or divestments of assets or properties in the ordinary course of business of the Group), the value of which exceeds RM5 million. To review the Committee's Terms of Reference annually or if necessary; ii. Remove Advertising. 2) If the Chairman if not present at a meeting within fifteen (15) minutes after the time appointed for holding the meeting, the members may elect one (1) of their number to be the Chairman of the meeting. At any time during the term of this Agreement, the Supplier shall, if so instructed by ISR, provide evidence of such certifications. The National Red Imported Fire Ant Eradication Program (the Program) Steering Committee identified the need for a National Red Imported Fire Ant Eradication Program Risk Management Sub-Committee (Risk Sub-Committee) on 9 May 2018, as part of its commitment to the comprehensive governance and risk management of the Program. 3.2 The Committee shall also monitor the integrity of the financial statements. 2019 KPMG International Cooperative (KPMG International), a Swiss entity. To learn more about disease management, please call (000) 000-0000 or 0-000-000-0000. Once approved, minutes will be shared with the Firms SB and PIB, unless it would be inappropriate to do so. 3 0 obj endobj Terms of ReferenceRisk Management Sub-Committee. The duties and responsibilities of the Committee are as follows:(i) to review the risk management policies of I-Berhad Group which addresses key elements of the enterprise wide risk management framework, risk appetite, strategy, processes and methodology and recommend any necessary changes relating thereto to the Board in line with the changing operating and economic environment, prevailing best practices in risk management and any relevant regulatory requirements;(ii) to oversee, evaluate and monitor the adequacy and effectiveness of the I-Berhad Groups risk management framework and the risk management system put in place by the Management are in tandem with the changing business circumstances to safeguard shareholders interests and the Groups assets;(iii) To provide oversight, direction and counsel to the I-Berhad Groups risk management activities and discuss with the Management and Risk Management Team regarding: the guidelines and policies governing the Groups significant processes for risk assessment and risk management; the validity of the identified risks and ensuring appropriate actions are taken to mitigate the risks; the adequacy of infrastructure, resources and systems that are available for an effective and efficient risk management process; and the periodic reports on risk exposure, risk portfolio, composition and risk management activities. 1. The resource guide, published by Deloitte, is designed to assist board members of publicly held banks, bank holding companies, and other financial services companies in the design, development, and operation of a board-level risk committee. To advise the Board on the Group's risk appetite, profile and tolerance To oversee risk management framework to identify and deal with financial, model, operational (including people, process and third party risks), fraud, business continuity, legal, regulatory, technology, reputational, ESG (environmental, social and . endobj The quorum shall be three members of the RC for any meeting at which the Committees delegated powers are to be exercised. Page 3 of 9 1. This Terms of Reference for Audit and Risk Management Committee ("Terms of Reference") outlines the manner in which the Audit & Risk Management Committee assist the Board in discharging its statutory and other responsibilities relating to internal controls, financial and accounting matters, compliance and risk management. Jurisdiction. If this agreement changes, an amendment or new agreement will be provided. It provides an independent and high-level focus on the audit, assurance and reporting arrangements that underpin good governance and financial standards. Page 3 of 9 1. Procurement Planning Prior to the issuance of any invitations to bid for contracts, the proposed procurement plan for the Project shall be furnished to the Association for its review and approval, in accordance with the provisions of paragraph 1 of Appendix 1 to the Guidelines. Risk Management Committee Terms of Reference ----- 1. (vii) To review the Statement on Risk Management and Internal Control, as well as other disclosure concerning the risk management activities of the I-Berhad Group, for inclusion in the Companys Annual Report and recommend the same for approval by the Board. About This Agreement Our entire contract with you consists of this agreement and our contract with your employer. Unless otherwise agreed, notice of each RC meeting confirming the venue, time and date together with an agenda of items to be discussed, shall be forwarded to each RC member in a timely manner. (iv) to report to the Board on the Groups major risk exposures, including the review on the risk assessment framework used to monitor the risk exposures and the Managements views on the acceptable and appropriate level of risks faced by respective business units/division of the Group. The Risk Management Committee. 6. (vi) to review the identified significant and material economic, environmental and social (EES) risks and opportunities against existing sustainable business practices and reporting framework and ensuring the effective management of such EES risks and opportunities impacting the principal businesses of the Group. To undertake such other responsibilities as may be agreed by the Committee and the Board; and iv. High level responsibilities of the Risk Management Committee It should be read in conjunction with the HSE Code of Governance . It manages overall risk exposure throughout the portfolio. 3. Chairman 1) The Chairman shall be an independent director. %PDF-1.5 The Audit & Risk Committee shall annually review its terms of reference and its own effectiveness and recommend any necessary changes to the Board. OBJECTIVE. 8. 3.1 Risk is inherent in the Group's business . Terms of reference of the Risk Management Committee. Audit and Risk Management Committee . Draft minutes of RC meetings will be circulated first to the Chair, and then to all other RC members for review. Your right to appeal and take action is described in Appeals in Section 5. The Operational Risk Management Committee (ORMC) has the responsibility for the oversight and maintenance of the company's operational risk management plan. 2. To consider any other matters as delegated by the Board. Additional filters are available . The Committee is also responsible for reviewing the Group's risk and compliance policies and, in conjunction with the Audit Committee, assessing the adequacy and Terms of Reference (TOR) of Audit Committee, Terms of Reference (TOR) of Nominating Committee, Terms of Reference (TOR) of Remuneration Committee, Terms of Reference (TOR) of Risk Management Committee. Cover date 10 October 2013. 3. Your ID card will identify you as a member when you receive the healthcare services covered under this agreement. these Terms of Reference. ||-oX,(0,/_Euru~IVS|O _x}4U;?>p|W8UDYRD,?-3GgJ2 X~ct*8jIwvA`YI|I0/Y/K}%,snJVn7 fc&xggL I&FxmY"#K{?,MnPDyN;f 87OiG1nhSeI (\.0 <>>> The Risk Management Committee is appointed by the Accounting Officer/ Authority and its role is to formulate, promote and review the institution's ERM objectives, strategy and policy and monitor the process at strategic, management and operational levels. In the event of any vacancy in the Committee resulting in the number of the members being reduced to below three (3), the Board shall within three (3) months of that event fill the vacancy. 1. To act as a focus for and co-ordinate College Risk and . Management 5.18 The Committee will request and review reports and positive assurances from Officers on the overall arrangements for governance, risk management and Risk Management And Conflicts Committee Terms Of Reference May 2021. The terms of office and performance of the Committee and each of its members must be reviewed by the Nominating & Remuneration Committee annually to determine whether the Committee and its members have carried out their duties in accordance with their terms of reference. Risk Committee - Terms of Reference 1 Purpose The role of the Committee is to assist the Board in its oversight of the effectiveness of the Enterprise Wide Risk Management Framework. 6.1.2 To review and provide independent challenge on risk management reports, including the Group's enterprise risk reports, to: enable the Committee to assess the risk profile of the Group and how the risks arising from the Group's businesses are controlled, monitored and No member firm has any authority to obligate or bind KPMG International or any other member firm vis--vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
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