194. The Board should – (a) determine the levels of risk tolerance and the nature and extent of significant risks it is willing to embrace in achieving its strategic objectives; (b) determine whether or not it is desirable to establish a risk management committee to assist it in carrying out its risk related responsibilities or […]

190. The Board must ensure that – (a) risk assessments are performed on a continuous basis; (b) a framework or methodology is established to increase the likelihood of anticipating unpredictable risks; (c) management considers and implements appropriate risk responses; and (d) risk monitoring is carried out continuously by the risk committee and management. 191. The […]

  Preamble: 187. Business leaders should understand risk and how it can be measured, eliminated or mitigated. Risk management systems on an enterprise-wide basis should be independently assured for effectiveness in goal delivery. Risk Management Principles 188. The Board should ensure that principal risks are timely identified or detected and managed in order to mitigate […]

Recommendations: The evaluation of the chairperson of the Board requires that – (a) an independent non-executive director of the Board or a senior lead independent non-executive director or independent service provider should be appointed by the Board to lead the process; and (b) the chairperson should not be present when his or her performance is […]