TERMS OF REFERENCE OF RISK MANAGEMENT COMMITTEE

  1. COMPOSITION

    (a) The Committee shall be appointed by the Board from amongst the Directors of the Company and shall consist of not less than three (3) members. The appointment terminates when a member ceases to be a Director.
    (b) The members of the Committee must be majority of Independent Directors.
    (c) No Alternate Director shall be appointed as a member of the Committee.
    (d) The members of the Committee shall elect a Chairman from amongst their number.
    (e) In the event of any vacancy in the Committee resulting in the number of members being reduced to below three (3), the Board shall, within 3 months fill the vacancy.
    (f) The Board shall have the discretion as it deems fit to rescind and/or revoke the appointment of any person(s) in the Committee.
    (g) Members of the Committee may relinquish their membership in the Committee with prior written notice to the Company Secretary.