Yinson Annual Report 2019

During the financial year under review, the Risk Department conducted risk assessment review sessions in the offices located at Kuala Lumpur, Singapore, Oslo and Ghana. Interview sessions were conducted with related risk owners and co-owners to update the Group’s risk profiles for corporate functions in terms of the controls in place and the risk ratings for the individual risks. Action plans for the Top 5 risks were implemented by the respective risk owners and co-owners and reported to the BRMC and Board during the quarterly BRMCmeetings. Significant progress was made towards the completion of the action plans for these Top 5 risks and the BRMC will continue to monitor the Top 5 risks as well as other key risks which may impact the Group. The following diagram illustrates the relationship and reporting functions of the respective committees and departments with regards to the Group’s risk management and internal control. Board Risk Management Committee Dato’ Mohamad Nasir bin Ab. Latif (Chairman) LimChern Yuan Dato’ Wee Hoe Soon @Gooi Hoe Soon Datuk Raja Zaharaton binti Raja Zainal Abidin Datuk Abdullah bin Karim Internal Audit Headed by Liew Ching Hin Board of Directors LimHanWeng Bah Kim Lian LimChern Yuan LimHan Joeh Dato’ Mohamad Nasir bin Ab. Latif Dato’ Wee Hoe Soon @Gooi Hoe Soon Datuk Raja Zaharaton binti Raja Zainal Abidin Datuk Abdullah bin Karim Management Committee (cum Risk Management Committee) LimChern Yuan (* Dato’ Mohamed Sabri Zain) LimChernWooi (* Chai Jia Jun) Daniel Bong Eirik Barclay Andrew Choy Flemming Grønnegaard * Alternate MCMember Group Chief Strategy Officer Daniel Bong Risk Management & Compliance Department Headed by Alex Gwee Business Units Business Units Business Units Group Support Functions Statement on Risk Management and Internal Control Audit Committee Dato’ Wee Hoe Soon @Gooi Hoe Soon (Chairman) Datuk Raja Zaharaton binti Raja Zainal Abidin Datuk Abdullah bin Karim Yinson Holdings Berhad ANNUAL REPORT 2019 92