(f) conduct annual review and periodic testing of the Company’s internal control and risk management framework; (g) advise the Board on the Group’s current risk exposures and futures risk strategy based on its overall risk appetite; (h) recommend the risk policy including the setting of risk management authorities, limits and escalation procedures to the Board; (i) provide guidance and strategic direction to the business units on the adequacy and effectiveness of internal control systems for identification and mitigation of material business risks; (j) establish procedures in conjunction with the respective business units to ensure identification of and compliance with relevant laws, licensing and regulatory requirement; (k) liaise where necessary with the Legal and Internal Audit functions of the Group; and (l) undertake any other risk management tasks as may be delegated by the Board to the Committee. D. Sustainability (a) oversee, review and monitor the duties and responsibilities of the Sustainability Steering Committee (“SSC”); (b) oversee the formulation of the Group’s overall sustainability framework and strategies, including principles and policies which are aligned with related regulations and standards; (c) monitor the implementation of the Group’s overall sustainability framework, principles, policies, initiatives, activities, strategies, and plan undertaken or implemented; (d) review and recommend to the Board the development and implementation of the Company’s sustainability-related strategies, goals, initiatives, business plans and major action plans; (e) oversee the Group’s responsibilities, on-going commitments and initiatives on its sustainability which encompasses the Economics, Environmental, Social and Governance (“EESG”) to be in line with the Group’s vision, mission and values; (f) review the relevant compliance with the regulatory and public commitments on sustainability matters and monitor the effectiveness of the risk management framework related to sustainability and EESG matters including risk appetites and risk policies; (g) review and consider other sustainability and EESG related matters referred by the Board; (h) ensure the EESG risks identified are incorporated into the risk register and the oversight of each significant risk is the responsibility of the Board; (i) consider and determine the Group’s position on relevant emerging sustainability issues, and consider and recommend proposals, targets and commitments in connection thereto; (j) oversee and assess the Group’s contribution to, impact on and role in environmental, climate change and society in countries where it operates; (k) facilitate the necessary sustainability reporting and disclosures as required by the relevant regulatory and government authorities including the Annual Report of the Company; and (l) perform any other duties relating to the sustainability as may be required or authorised by the Board. Governance, Compliance and Risk Committee Integrated Annual Report 2023 120
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