2012 Annual Report - Media Prima Berhad

As a continuous effort to promote better
governance, the Risk Management Committee
(RMC) was formed in 2011 to oversee the
Group’s risk management systems, practices
and to ensure the effectiveness of the Group’s
Risk Management Framework. The risk
management profiles were formerly discussed
at the Audit Committee meeting prior to
escalation to the Board of Directors meeting.
The RMC also considers any matters relating
to the identification, assessment, monitoring
and management of risks associated with the
operations of the Group that it determines to
be appropriate.
The RMC updates the Board on the significant
changes that affect the risk profile of the
Group. The Board monitors the implementation
of the risk mitigation strategies and changes
to the risk profiles.
1. RESPONSIBILITY AND DUTIES
a. The duties of the RMC shall include:
i. Assessment and monitoring of all risks
associated with the operations of the
Group;
ii.
iii.
iv.
Development and implementation of internal
compliance and control systems and
procedures to manage risk;
Assessment and monitoring of the
effectiveness of controls instituted;
Review and make recommendations on
behalf of the Board in relation to risk
management;
v. To consider, and make recommendations
on behalf of the Board in connection with,
the compliance by the Group with its Risk
Management Strategy;
vi.
vii.
To report to the Board on any material
changes to the risk profile of the Group;
To monitor and refer to the Board any
instances involving material breaches or
potential breaches of the Group’s Risk
Management Strategy; and
viii. To report to the Board, when necessary, in
connection with the Group’s annual
reporting responsibilities to Bursa Malaysia
in relation to matters pertaining to the
Group’s Risk Management Strategy.
b. RMC shall have the authority to seek any
information it requires from any officer or
employee of the company or its subsidiary
companies and such officers or employees shall
be required to respond to such enquiries.
c. RMC may as and when deemed necessary invite
other Board members and management
personnel to attend the meetings where risk
management issues are discussed.
d. RMC has the authority to direct special
investigations on behalf of the Board, into
significant risk management activities, as and
when necessary.
e. RMC is authorised to take such independent
professional advice as it considers necessary;
f. RMC shall make recommendations to the Board
but shall have no executive powers with regard
to its findings and recommendations.
2. MEMBERSHIP
Risk Management
Committee Report
Chairperson
– Y.Bhg Dato’ Fateh Iskandar Bin Tan Sri Dato’
Mohamed Mansor
Board of Director 1
– Y.Bhg Tan Sri Dato’ Seri Mohamed Jawhar
Board of Director 2
– Y.Bhg Dato’ Gumuri Hussain
TELEVISION
NETWORKS
Board of Director 3
– Y.Bhg Datuk Ahmad Abd Talib, JP
RADIO OUTDOOR
NETWORKS
CONTENT
CREATION
a. RMC must be composed of no fewer than
4 members.
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2012
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