AL-SALAM REIT ANNUAL REPORT 2018

AL-SALĀM REIT ANNUAL REPORT 2018 92 • To implement a robust and sustainable ERM framework that is aligned with vision and missions, and in accordance with best practices. The Board recognises that a structured and consistent ERM framework is instrumental to deploy its operational strategy efectively. These policies will be achieved via:- • Periodic reporting to the Board on risk management activities and keep the Board apprised and advised of all aspects of ERM and signiicant individual risks and risk trends; • Provision of adequate and suitable resources, including tool(s) and manpower to ensure the ERM framework and system are operating efectively; • Provision of adequate education and communication to ensure staf comprehend the requirements, beneits, and their role and responsibilities for risk management; and • Maintaining documented risk information (via risk registers and risk action plans) and procedures for the control of risks. • Organisational Structure and Assigned Roles and Responsibilities. Risk Management Structure The Risk Management Structure is designed to ensure efective communication, consultation and education in risk management are necessary to achieve a successful integration of the risk processes into the business and to provide provide reports, which may be conveyed in full, to the Audit Committee, as part of the half-yearly Risk Report. Drmsb’s Erm Risk Reporting Structure BUSINESS DEVELOPMENT & INVESTOR RELATIONS Corporate Planning Acquisitions Divestment FINANCE Accounts Corporate Finance CORPORATE SERVICES HR & Admin Legal COMPLIANCE Risk Management Compliance Sustainability Internal Audit OPERATIONS Monitoring of Properties Asset Management INSURANCE Claims Policy Renewals BOARD OF DIRECTORS EXCO RISK MANAGEMEMENT COMMITTEE INTERNAL AUDIT NON-MANAGEMENT / SUPPORT STAFF