Code of Corporate Governance

Risk Management Policy

The business undertaken by the Company is exposed to several threats such as credit risk, liquidity risk, operational risk, market risk and regulatory risk etc.

Risk Management procedures adopted by the Company shall enable it to proactively manage uncertainty and changes in the internal and external environment to limit negative impacts and capitalize on opportunities. To be effective, the concern and tone for risk management must start at the top. While the overall responsibility of risk management rests with the Board, it is the duty of senior management to transform strategic direction set by the Board in the shape of policies and procedures and to institute an effective hierarchy to execute and implement those policies.

The Company’s risk management system aims to ensure that:-

  • Managers have an up to date and accurate understanding of the material risks relevant to their areas of responsibility and the strategies and controls in place to mitigate these risks.
  • Policies and procedures are developed to guide actions relating to specific risk class.
  • Appropriate risk management education and training is provided to the employees.
  • Risk management processes and practices are diligently applied by our employees.
  • Regular evaluation and improvement of our risk management approaches and systems is undertaken.
  • Information regarding the status of a range of risks is regularly presented and reviewed by the Board.