9. INVESTMENT ACCOUNT (CONTINUED) 9.2 Governance Structure To safeguard the IAH’s interest, the investment mandate, strategy and parameter are carried out in accordance with the Group’s governance set-up. The IA governance structure adopted by the Group is as depicted in the following diagram: The roles and responsibilities of the above respective committees are as follows: Committee Responsibility Board of Directors (Board) Responsible to establish an effective governance arrangement to facilitate effective monitoring and control of the overall management and conduct of the IA. The adequacy of the governance arrangement shall be commensurate with the nature, scale, complexity, and risk profile associated with the conduct of the IA. Board Risk Committee (BRC) Assists the Board in performing independent oversight and provides recommendations in respect of the management, operations, and performance of the IA, as well as to play the role of Board Investment Committee. Shariah Supervisory Council Advises and provides clarif ication on relevant Shariah rulings, decisions, or policies on Shariah matters and endorses the terms and conditions stipulated in IA documentation and ensures that information published is in compliance with Shariah. Management Risk Control Committee Assists BRC in performing independent oversight and provides recommendations in respect of the management, operations and performance of the IA. Board of Directors Board Risk Committee Management Risk Control Committee Business Units/Investment Account Units Shariah Supervisory Council BOARD COMMITTEES MANAGEMENT COMMITTEES PILLAR 3 DISCLOSURE as at 31 December 2021 BANK I SLAM MALAYS IA BERHAD 432
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