composition of risk management committee

The Committee may request any officer or employee of the Corporation, or any special counsel or advisor, to attend a meeting of the Committee or to meet with any members of, or consultant to, the Committee. i. The Committee will assist the Board of Directors in fulfilling its oversight . To ensure its effectiveness the Committee shall be separate and apart from the grievance procedure. The Committee will consist of three or more independent directors. It is also agreed that the topic of utilization of full-time and part-time staff is an appropriate topic for the Labour-Management Committee. These are dealt with in more detail in later chapters. The Risk Management Committee (RMC) discusses and recommends courses of action to address credit and risk management issues pursuant to PJM's responsibilities for consideration by the Markets and Reliability Committee. The mission of the Risk Management Committee is to advise the Board of Directors on the oversight and monitoring of risk management activities within the Galp Group. Any time there is more than one Trustee, a quorum for all meetings of the Trustees shall be one-third, but not less than two, of the Trustees. Matters that are properly the subject of an individual grievance will not be discussed at this committee. The Risk Management Committee shall be appointed by and will serve at the discretion of the Board. Approve and periodically review the risk management policies of the Corporations operations; ii. - Financial risk- related to financial planning and projection Responsibilities and Duties The Committee shall: i. Board Members are accordingly informed. COMPOSITION. 4.1.1 have authority to investigate any matter within its terms of reference;4.1.2 have the resources which are required to perform its duties;4.1.3 have full and unrestricted access to any information pertaining to the Group;4.1.4 be able to obtain independent professional or other advice; and4.1.5 be able to convene meetings with the external auditors, the internal auditors or both, or have direct communication with and unrestricted access to other directors and employees of the Group, whenever deemed necessary. JSC Meetings The JSC shall meet in accordance with a schedule established by mutual written agreement of the Parties no less frequently than once every three (3) months until expiration of the Research Term. Labour Management Committee Where the parties mutually agree that there are matters of mutual concern and interest that would be beneficial if discussed at a Labour/Management Committee meeting during the term of this Agreement, the following shall apply: An equal number of representatives of each party as mutually agreed shall meet at a time and place mutually satisfactory. If the Management Committee is unable to amicably resolve the Dispute during the ten-day period, then the Management Committee will consider in good faith the possibility of retaining a third party mediator to facilitate resolution of the Dispute. d. Review the ERM Committee's monitoring of risk, the effectiveness of the risk management process, and material changes in risk. The Risk Committee (the "Committee") is an independent committee of the Board of Directors that has, as its sole and exclusive function, responsibility for the risk management policies of the Corporation's global operations and oversight of the operation of the Corporation's global risk management framework. Global supply chains have faced significant challenges in recent years. The global risk management framework shall be commensurate with the structure, risk profile, complexity, activities, and size of the Corporation and include: The Committee will assist the Board of Directors in fulfilling its oversight responsibilities with regard to the risk appetite of the Corporation, the Corporations risk management and compliance framework, and the governance structure that supports it. 44 we examine the composition of the Board Risk Committee. The Chairman of the Committee shall be a member of the Board. Whether organized in the form of a designated management risk committee (MRC) or a de facto risk committee, [1] MRCs have been used increasingly over the years. A request for a meeting hereunder will be made in writing prior to the date proposed and accompanied by an agenda of matters proposed to be discussed, which shall not include matters that are properly the subject of grievance or negotiations for the amendment or renewal of this agreement. iii. 4.1 The Committee shall, wherever necessary and reasonable for the performance of its duties in accordance with a procedure to be determined by the Board and at the expense of the Group :-. Any representative(s) attending such meetings during their regularly scheduled hours of work shall not lose regular earnings as a result of such attendance. Each Party shall bear its own expenses related to the attendance of the JSC meetings by its representatives. Additional filters are available in search. Composition The Companys Board Risk Management Committee consists of four 4 from MANAGEMENT IMBA1 at K J Somaiya College of Engineering. Composition Raminder Singh Gujral (Chairman) Adil Zainulbhai K. V. Chowdary Objective The Audit Committee assists the Board in its responsibility for overseeing the quality and integrity of the accounting, auditing and reporting practices of the Company and its compliance with the legal and regulatory requirements. including issues raised by management's Enterprise Risk Management Committee. The number of Committee Members shall be a minimum of three (3) with a majority of whom are independent directors. (1)The board of directors shall constitute a Risk Management Committee. Lilly shall send meeting minutes to all members of the JSC within ten (10) Business Days after a meeting for review. Risk Management Committee will assist the Board of Directors in fulfilling its oversight responsibilities with regard to the risk appetite of the Corporation, the Corporations risk management and compliance framework, and the governance structure that supports it. E. COMPOSITION OF RISK MANAGEMENT COMMITTEE Name of the Director/ Member Category Designation Dr. Ajay Dua Independent Director Chairman Mr. P.N. Composition of Risk Management Committee. Purpose The Enterprise Risk Management Committee (the "Committee") assists the Board of Directors (the "Board") in fulfilling its responsibility for oversight of the quality and integrity of the risk management practices of the Company. In addition to the foregoing, the specific duties of the Finance Committee shall be determined by the Board by resolution. The Risk Committee shall, with respect to evaluating that there is in place an effective system of controls reasonably designed to evaluate and control risk throughout the Firm: Review and approve, as appropriate, parameters, limits and/or thresholds as requested by management. In the event of equality of votes, the resolution shall be deemed not to have been passed and it shall be tabled at the next meeting of the Committee or to issue a Circular Resolution for approval in accordance with 9, whichever is more appropriate. In carrying out its oversight responsibilities, each Committee member shall be entitled to rely on the integrity and expertise of those persons providing information to the Committee and on the accuracy and completeness of such information, absent actual knowledge of inaccuracy. The agenda for each Committee meeting will provide time during which the Committee can meet separately in executive session as a Committee. The Chairman of the Committee shall be elected from amongst the independent Board Members. xii. The Risk Management Committee shall consist of members from the Board of Directors in the majority. 1.4 To promote management of the ank's risk in accordance with a risk-return performance management framework. Risk Management Policy is a document which tells us to perform specific action to deal with the risks. STRUCTURE AND MEMBERSHIP CRITERIA OF COMMITTEE - The Risk Management Committee is comprised of at least two members. ICSA Publishing The ICSA Corporate Governance Handbook ICSA . 1.2 The Chairman of the Committee shall be appointed by the Board based on the recommendation of the Nomination Committee.1.3 In the absence of the Chairman who was appointed by the Board, the remaining members present shall elect amongst themselves a Chairman to chair the meeting.1.4 In the event of any vacancy in the Committee, the Board shall ensure that the vacancy is filled within three (3) months. All Rights Reserved. Schedule IV Code of Independent Directors: Role and Functions: Satisfy themselves on the integrity of financial information, and that financial controls and the system of Risk Management are robust and defensible. Copies of the minutes shall be provided to Committee members. Composition and Tenure: SEBI (LODR) Regulation 2015 Regulation 21. External Advisers to the Board Risk Committee - Enhancement in Risk Management and Internal Monitoring Effect - Enhancement in Quality of Decision-making, coverage/rating of +7/87.50 rprox. Dunn states that the committee monitors the potential risks in finance and insurance or other . To set risk measurement criteria and acceptable risk level. 1.1 The Committee shall be appointed by the Board comprising a majority of Independent Directors of the Company. Country. Audit Committee Christos Mavrellis, Independent, Non-Executive Chairman Olga Eliadou, Independent, Non-Executive . The committee shall have access to work schedules and job postings upon request. 21. 5. Schedule-II Part C-Roles & Responsibilities of Audit Committee. Pages 206 This preview shows page 62 - 64 out of 206 pages. Main Menu; by School; by Literature Title; by Subject; . M34. In these uncertain times, supply chain finance and digital networks are providing clients with much-needed support. The Committee will meet quarterly, unless agreed otherwise, at a time and place mutually agreed to provided there is business for their joint consideration. Follow us on . As appropriate, additional employees or consultants may from time to time attend the JSC meetings as nonvoting observers, provided that any such consultant shall agree in writing to comply with the confidentiality obligations under this Agreement; and provided further that no Third Party personnel may attend unless otherwise agreed by both Parties. The Committee must submit its evaluation and recommendations to the Board verbally or in writing. 5.1 Review the following and report the same to the Board:-. Composition, Meetings and Procedures The Committee will consist of three or more independent directors. It may also have other duties as may from time to time be assigned to it by the Board. Independent Director / Audit Committee / Risk Management Committee AssetWise Public Company Limited 9 Ram Intra 5 Alley, Lane 23, Anusawari, Bang Khen, Bangkok 10220 COSO (Committee of Sponsoring Organizations of the Treadway Commission) released a Framework in 1992 to help organizations assess and enhance their internal control systems. The quorum of the Committee shall be three (3) of whom the majority of members present shall be Independent Directors. Except as limited by law, regulation or the rules of the New York Stock Exchange, the Committee may form subcommittees for any purpose that it deems appropriate and may delegate to such subcommittees or to members of the Corporation's management such power and authority as it deems appropriate, provided, however, that any such subcommittees shall meet all applicable independence requirements and that the Committee shall not delegate to persons other than independent directors any functions that are required under applicable law, regulation, or stock exchange rule to be performed by independent directors. In those organizations, the audit committee in its capacity of overseeing financial risks and monitoring management's policies and procedures may have expertise and be asked to play a. The Committee will have the resources and authority appropriate to discharge its responsibilities, including sole authority to retain and terminate the engagement of such consultants or independent counsel to the Committee as it may deem necessary or helpful in carrying out its responsibilities, and to establish the fees and other terms for the retention of such consultants and counsel, such fees to be borne by the Corporation. Bank's structure, risk profile, complexity, and size. While ultimately reporting to the Board of Governors, the Risk Committee shall be independent and shall act independently of the Board of Governors. Regular meetings of the Trustees may be held without call or notice at a time and place fixed by the By-Laws or by resolution of the Trustees. The Vice President for Finance and Administration appoints members to the RMEC. These areas may include, among other matters, the Corporation's methods for identifying and managing risks, and significant matters including, but not limited to, investment portfolio issues, frauds, regulatory enforcement actions, litigation or whistleblower matters, and technology issues. The Committee shall approve the appointment of the Chief Risk Officer, who will report directly to both the Committee and the Chief Executive Officer of the Corporation. Management meetings Regular meetings of a general nature are convened and chaired by the Service Manager as follows: Title and purpose Approximate time & interval Location Attendance by: Risk register and compensation events When the need arises, the time will be communicated Service Managers Office Employer, Contractor, Supervisor, Site (Kick Off) meeting First working day after official contract is placed at 11:00 Service Managers Office Employers Service Team, Contractor Early Warning Meetings As required Service Managers Office Engineer, Contractor, Supervisor and Service Manager Overall outage feedback meeting Dialy at 11h00 daily, and 08h00 on Sat & Sunday XXXX boardroom Employer, Contractor, Supervisor, Meetings of a specialist nature may be convened as specified elsewhere in this Service Information or if not so specified by persons and at times and locations to suit the Parties, the nature and the progress of the service. The role of a risk committee should encompass the entire organisation with a systematic approach to categorising, monitoring and guiding on risk issues. NBFCs in the lowest layer shall be known as NBFC - Base Layer (NBFC-BL). 1.6 To ensure that the Bank has in place effective risk management . A meeting of the Committee may be called by its chair or any two members of the Committee. One of the means that has become widely popular is establishing risk management committees. General Meetings 20.1 All general meetings other than annual general meetings shall be called extraordinary general meetings. . Management Committee The Parties will act in good faith and use commercially reasonable efforts to promptly resolve any claim, dispute, claim, controversy or disagreement (each a "Dispute") between the Parties or any of their respective subsidiaries, affiliates, successors and assigns under or related to this Agreement or any document executed pursuant to this Agreement or any of the transactions contemplated hereby. 8.2.1 be responsible for drawing up the notice and agenda of meetings in consultation with the Chairman.8.2.2 prepare and circulate the written minutes of the Committee meetings to each member of the Committee, and the minutes of the Committee meetings shall be extended to the Board for notation.8.2.3 ensure that the minutes be kept under the custody of the Committee Secretary. If the Parties cannot resolve the Dispute within such time frame, the Dispute will be submitted to the Management Committee for resolution. High level responsibilities of the Risk Management Committee Neither party can unreasonably deny an initiative to utilize video or teleconferencing services. COSO came up with an update to their Internal Control Framework in 2013, which provides appropriate and adequate guidance on Risk Management. 3.1.1 Oversight of the risk management framework, policies, strategies, processes for managing risks within the Group, for consideration and recommendation for the Boards approval.3.1.2 Ensuring and maintaining a sound risk management framework and to monitor the Groups overall risks.3.1.3 Reviewing new risks identified by the RMPIT (Risk Management Process Improvement Team) which comprises the head of departments, including the likelihood of the emerging risks that could potentially impact the Group and assess the measures that the management has taken to mitigate risks.3.1.4 Providing input to the Board on significant risks the Group faces, and the Board action plans to manage the risks.3.1.5 Reviewing the adequacy and effectiveness of the risk management processes with the continuous improvement effort so as to ensure that they remain relevant to the business and market environment that the Group is operating in.3.1.6 Reviewing the relevant statements for disclosure in the Groups annual report, including the Statement On Risk Management And Internal Control in pursuance to the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (MMLR of Bursa Securities).3.1.7 Performing any other functions that may be determined by the Board when deemed necessary and appropriate. The Risk Committee (Committee) is constituted as a committee of the Governing Body (Board) . Evaluation of internal financial controls and risk management systems; A statement indicating development and implementation of a risk management policy for the company including identification therein of elements of risk, if any, which in the opinion of the Board may threaten the existence of the company shall be included in Boards Report of the Company. > The board of directors shall be responsible for framing, implementing and monitoring the risk management plan for the listed entity. A quorum for all meetings of any such committee shall be one-third, but not less than two, of the members thereof. Alternatively, the JSC may meet by means of teleconference, videoconference or other similar means. Review significant reports from regulatory agencies relating to risk management and compliance issues, and management's responses. Charter of the Risk Committee of the Board of Directors, The Bank of New York Mellon Corporation. The parties may utilize video or teleconferencing services for the purposes of committee members attending committee meetings, where appropriate and available. This begins with the independence, status and reporting lines of the CRO. Risk Management and Investment Strategy Committee. The MUFG Cyber Security Fusion Center (MUFG CSFC), which was launched as a security center to provide threat analysis and security measures, plays key roles in the around-clock monitoring and incident response on a groupwide and global basis. composition and risk management activities and issues or matters relating to compliance. The Risk Committee shall operate in accordance with . The committee's composition ensures that a broad set of skills and experience comes together to consider how the Group manages risk in the business. The study shows that the composition of the risk and compensation committees is positively associated with risk, which, in turn, is associated with firm performance. Risk Management and Investment Strategy Committee is a committee formed by Board of Commissioners to assist on supervising and advising the Board of Directors on the overall management of the Company both in its . Neither Party will seek, nor will be entitled to seek, binding outside resolution of the Dispute unless and until the Parties have been unable amicably to resolve the Dispute as set forth in this Section 7 and then, only in compliance with the procedures set forth in this Section 7. 7. The Committee will evaluate the Committee's composition and performance on an annual basis and submit a report to the Board. Notice of any other meeting shall be given by the Secretary and shall be delivered to the Trustees orally not less than 24 hours, or in writing not less than 72 hours, before the meeting, but may be waived in writing by any Trustee either before or after such meeting. To set appropriate risk management measures to cope with . 7.1 Minutes of each meeting shall be kept at the registered office and distributed to each member of the Committee and also to other members of the Board for notation.7.2 The minutes of the Committee meeting shall be signed by the Chairman of the meeting at which the proceedings were held or by the Chairman of the next succeeding meeting. In the event that an RC meeting may be inquorate, an SB member who is not already a member of the RC may, at the Chair's discretion, be appointed at the start of the meeting to form part of the meeting quorum and to participate in any decision making at that .

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