Terms of Reference
The terms of reference of the committee, inter alia, include the following:
• Framing of Risk Management Plan and Policy.
• Overseeing implementation of Risk Management Plan and Policy.
• Monitoring of Risk Management Plan and Policy.
• Validating the process of risk management.
• Validating the procedure for Risk Minimisation.
• Periodically reviewing and evaluating the Risk Management Policy and practices with respect to risk assessment and risk management processes.
• Continually obtaining reasonable assurance from management that all known and emerging risks have been identified and mitigated or managed.
• Performing such other functions as may be necessary or appropriate for the performance of its oversight function.