The Committee shall meet on half yearly basis. Additional meetings may be called at any time at the Committee Chairman’s discretion.

The quorum for the Committee meeting shall be at least two (2) members, who must be Independent Directors.

The Risk Officer shall be in attendance at all meetings to present and discuss the risk management reports and other related matters as well as the recommendations relating thereto and to follow-up on all relevant decisions made.

The Committee may from time to time and if deemed appropriate, consider, approve and/or recommend to the Board relevant matters via a Circular Resolution of the Committee. A Circular Resolution of the Committee approved by majority of the members of the Committee shall be as valid and effectual as if it had been passed at a meeting of the Committee duly convened and held.