Risk Management and Sustainability Committee Evaluation Form
Section A: Performance of Senior Management and Internal ESG Committee
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1. Does the risk management process is in place and functioning effectively?
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Yes
No
2. Does the execution and implementation of our sustainability strategy in place, in order to continue generating economic value while reducing our environmental and social footprint, by monitoring the progress of our sustainability initiatives against the target set?
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Yes, always
Yes, most of the time
Yes, but seldom
No
Comments :
Section B: Meeting administration and conduct
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3. Does the RMSC meet at least two (2) times a year?
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Yes
No
4. Are quorums for RMSC meetings of two(2) members met by having a presence at least one of whom is an Independent Director?
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Yes
No
5. Does the Chairman report to the Board on its proceedings after each meeting on matters with recommendations to the Board it deems appropriate on any area within its remit where action or improvement is needed?
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Yes, always
Yes, most of the time
Yes, but seldom
No
6. Does the RMSC meet with Directors, Management and consultants as applicable to participate in the Committee meetings, as and when necessary, to carry out its responsibilities?
*
Yes, always
Yes, most of the time
Yes, but seldom
No
Comments :
Section C: Duties and responsibilities of the Committee
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7. Does Risk Management Policy and Guidelines established to ensure that there are effective to identify, analyse, evaluate, manage and monitor significant financial and non-financial risks.
*
Yes, always
Yes, most of the time
Yes, but seldom
No
8. Does Effective Business Sustainability Framework established to identify, analyse, evaluate, manage and monitor significant issues concerning Business Sustainability for the Group in the areas of: - a) Economic Sustainability b) Environmental Sustainability c) Workplace Sustainability
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Yes, always
Yes, most of the time
Yes, but seldom
No
9. Does the evaluation and update on the Sustainability Framework and Risk Management Policy and Guidelines conducted periodically to continuously improve and ensure its relevance taking into consideration of best practices and changing business environment?
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Yes, always
Yes, most of the time
Yes, but seldom
No
10. Does the Group’s risk framework and parameters articulated (through qualitative and quantitative parameters for risk impact and likelihood) for the Group and individual business units so as to gauge acceptability of risk exposure?
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Yes, always
Yes, most of the time
Yes, but seldom
No
11. Does the alignment of Group’s risk framework monitored with an appropriate level and quality of capital in line with the risks inherent in its activities and projected business performance
*
Yes, always
Yes, most of the time
Yes, but seldom
No
12. Does the RMSC work with C-suite the conduct of company-wide sustainability framework and risk assessments by key management staff and Heads of Departments and review the results of the assessment process shall consider the potential impact and likelihood of occurrence of the risks, effectiveness of controls in place and action plans taken to manage those risks to the desired level?
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Yes, always
Yes, most of the time
Yes, but seldom
No
13. Does the RMSC provide feedback to the Board on risk strategies and ensure constant communication with the Board on Group’s sustainability and risk management issues, including the key risks faced by the Group, their changes and management action plans in managing the risks
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Yes, always
Yes, most of the time
Yes, but seldom
No
14. Does the RMSC ascertain if a sound and effective approach has been followed establishing the Group’s business continuing planning arrangements including business continuity and disaster recovery plans?
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Yes, always
Yes, most of the time
Yes, but seldom
No
15. Does the RMSC co-ordinate activities with other Board Committees on risk oversight to avoid overlaps in the overall risk oversight process?
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Yes, always
Yes, most of the time
Yes, but seldom
No
16. Does the RMSC consider and recommend to the Board the assistance from external advisors and internal auditors, when necessary. In such instance, recommend the fee payable, ensure clear establishment of the terms and scope of engagement, and reporting requirements?
*
Yes, always
Yes, most of the time
Yes, but seldom
No
Comments :
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