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Risk Management Monitoring Committee

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Risk Management Monitoring Committee

  • The Risk Management Monitoring Committee is a supporting organ established to improve the quality of supervision and provision of advice to the Board of Commissioners in the Company’s Risk Management.

  • Risk Management Monitoring Committee Guidelines

    As a guideline for the Risk Management Monitoring Committee to carry out its duties and functions, the Risk Management Monitoring Committee has a Risk Management Monitoring Committee charter. The Risk Management Monitoring Committee Charter has been determined by the Company’s Board of Commissioners through No. SK.DK/26/04/01/JAI-2021.

  • Risk Management Monitoring Committee Policy

    Meetings for the Risk Management Monitoring Committee are carried out based on the Risk Management Monitoring Committee Meeting Policy regulated in the Risk Management Monitoring Committee Charter based on SK.DK/26/04/01/JAI-2021.

  • Duties and Responsibilities of the Risk Management Monitoring Committee

    1. Evaluate the adequacy of the Company’s risk management policies and guidelines compared to applicable best practices and/or general practices.
    2. Ensure the effectiveness of the implementation of risk management practices including compliance with the risk management policies and guidelines applicable within the Company.
    3. Evaluate the adequacy of the Company’s risk appetite.
    4. Evaluate the adequacy and fairness of the Company’s risk profile report and/or the results of risk assessments by management, including risks relating to the Company’s strategic initiatives.
    5. Supervise the realization of mitigation plans or responses to the Company’s significant risks.
    6. Provide input and recommendations on the work plans of the Company’s risk management unit, as well as monitor their realization.
    7. Provide input and recommendations on strategies and plans to increase the Company’s risk management maturity, as well as monitor their realization.
    8. Providing input and recommendations on plans for developing support systems and human resource competencies which play an important role in implementing the Company’s risk management, as well as monitoring its realization.
    9. Carry out other duties and responsibilities assigned by the Board of Commissioners from time to time.

  • Member of the Risk Management Monitoring Committee

    The members of the Risk Management Monitoring Committee are as follows: