UEM EDGENTA BERHAD Integrated Annual Report 2025 244 • Review the Group’s resilience in event of a crisis or disaster and ensure adequate insurance coverage against key risks and perils; • Oversee the establishment and effectiveness of the Group’s practices in integrity and compliance management programmes to drive and embed a culture of ethical behaviour and integrity; and • Ensure that the BGRC and Board receive adequate and appropriate information for review and decision-making purposes. The RICC is assisted by the Risk, Integrity & Compliance Department (“RICD”), which is primarily responsible for the implementation of the risk management, business resilience and compliance integrity processes and practices within the Group. A Charter, which defines RICD’s responsibilities, scope and authority, has been established and endorsed by the Board. RISK MANAGEMENT Managing risks is an integral part of the Group’s daily business activities and management decision-making process. It involves the activity of identifying, assessing, monitoring and managing risks and uncertainties that could inhibit the Group’s ability to achieve its strategy and strategic objectives. Risk Management Framework The Group has in place a Risk Management Framework (“RMF”) that provides the foundation and organisational arrangement for managing risk across the Group. Principally aligned with ISO:31000 Risk Management - Guidelines, the RMF sets out the context and objectives, emphasising on enterprisewide risk assessment and management encompassing the identification, assessment and measurement, mitigation responses, as well as monitoring, communicating and reporting of risks. The RMF serves as a tool in managing both existing and emerging risks with the objective to enhance and protect stakeholders’ interests and at the same time to safeguard the Group’s assets and reputation. Consistent with the Group’s commitment to sound risk governance and continuous improvement, the RMF has been enhanced to formally incorporate ESG risk considerations, including climate-related risks and corruption risks. The enhanced RMF provides a structured and systematic approach for the identification, assessment, evaluation, monitoring and reporting of these risks, and ensures their integration into the Group’s overall risk management, internal control and governance processes. STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL KEY FEATURES OF RISK MANAGEMENT FRAMEWORK RISK APPETITE The amount of risk that the Company is prepared to accept or retain in pursuit of its business objectives and value Risk Assessment Methodology Risk Governance and Structure Clarify objectives Communicate Identify risks Respond to risks Establish context Monitor, review & report risks Assess risks Board of Directors Board Governance and Risk Committee (BGRC) Risk, Integrity and Compliance Committee (RICC) Business-unit Risk, Integrity and Compliance Committee (BRICC) Risk, Integrity & Compliance Department (RICD) Policy and strategic Information Risk Review and Reporting
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