Risk Management Committee
Risk Management Committee (RISKCOM) is chaired by the Chief Finance and Operations Officer. They are responsible for providing the MANCOM with advice and recommendations regarding the ongoing development of risk oversight and management policies that set out the roles and respective accountabilities of the MANCOM and management. The policies should cover the areas of oversight, risk profile, risk management, compliance and control and assessment of adequacy and effectiveness.
As practicable and in view of the size and composition of the WCI, the Committee have at least three members, all of whom are not involve in the packaging of proposals and implementation of projects to maintain independence. Members of the Committee have appropriate level of understanding of the principles of corporate governance including knowledge of industry practice and principles.
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