| Risk Management Committee |
| Role of the Committee |
The principal oversight functions of the Risk Management Committee cover:
- Determining the risk profile of Trustfund’s investment portfolio;
- Developing policies for addressing deviations from the approved risk profile;
- Determining appropriate risk mitigation measures (provisions, reserves etc.) to protect customers and Trustfund from inherent risks in the investment portfolio;
- Ensuring the adequacy of the internal and external audit functions;
- Ensuring the adequacy of all internal risk (operational, strategic, regulatory and market risks) control processes and structures;
The Committee has formal terms of reference set by the Board, which are reviewed regularly. |
Membership |
| Membership of the committee comprises two non-executive directors, the MD/CEO, with the Heads of divisions and the Head of Risk Management department in attendance. |
Investment Planning Committee
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| Role of the Committee |
The principal oversight responsibilities of the committee cover:
- Developing investment strategy and guidelines consistent with regulatory provisions and risk appetite of Trustfund;
- Determining the optimal asset allocation mix;
- Evaluating the performance and valuations of the company’s investment portfolio, and making appropriate recommendations to the Board.
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Membership
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Members of the committee include two non-executive directors, the MD/CEO, with the Heads of divisions and the Investment Manager in attendance.
There is synergy between both committees to ensure that customers and the company’s overall interests are safeguarded. The Risk Management and Investment Planning Committees are supported by the Risk Management and Fund Research & Planning departments respectively. |
| Management Level |
| The Executive Committee (EXCO) |
Role of the EXCO |
| The principal role of the EXCO is the execution of all management decisions approved by the board of directors, periodically evaluate the performance of the company, and address all internal day-to-day management issues. |
| Membership |
| The EXCO comprises the MD/CEO (Chairman), Heads of divisions, the Chief Compliance Officer, and the Legal Adviser/Company Secretary. |
Investment Management Committee (IMC) |
Role of the IMC |
The principal role of the IMC is the approval of individual portfolio purchase and exit decisions in line with the approved investment guidelines. |
Membership |
The committee comprises the MD/CEO (Chairman), Heads, Investment Management and Business Development divisions and Head, Risk Management department. |
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