Roles of the RMC The RMC assists the Board in overseeing the establishment and implementation of the risk management framework of the Group by Management so that the Group has in place a sound, effective and robust risk management and internal control framework. The RMC also assists the Board in fulfilling its key risk oversight responsibilities in an integrated and strategic manner and provides oversight, direction, and guidance to Management on the Group’s risk management matters. In carrying out its duties and responsibilities, the RMC has the following authorities: • Obtain external professional advice or other advice and invite persons with relevant experience to attend its meetings, if necessary; • Investigate any matter within its Terms of Reference (TOR), have the resources which it needs to do so and have full and unrestricted access to information pertaining to the Group and the The Risk Management Committee (RMC) was established on 1 July 2018 consequent to the division of the Audit and Risk Management Committee (ARMC) into two separate committees, namely the Audit Committee and RMC respectively. The ARMC was established on 18 April 2012. Management, whereby all employees of the Group are required to comply with the requests made by the RMC; • Have direct communication channels to engage with Senior Management, on a continuous basis in order to be kept informed of matters affecting the Group; • Appoint an independent party to conduct or to assist in conducting any investigation, upon the terms of appointment to be approved by the RMC; and • Have access to the advice and services of the Company Secretary. Terms of Reference The RMC is governed by a clearly defined and established TOR. The RMC TOR is reviewed and updated from time to time, as the need arises, to ensure that it remains up-to-date and in conformity with the applicable laws, regulations and the Group’s policies. The TOR of the RMC was last reviewed and approved by the Board in February 2022. The TOR of the RMC is published on the Company’s website at https://www.ihhhealthcare.com/ investors/corporate-governance. Composition and Meetings The RMC is comprised exclusively of Independent Non-Executive Directors. The RMC members come from diverse backgrounds with extensive experience in healthcare, banking, business strategy, risk management, legal, cybersecurity, and corporate governance. The Board believes that the composition of the RMC provides the appropriate balance in terms of skills, experience, gender and knowledge to ensure the effective functioning of the RMC. During the financial year under review, the RMC held four meetings in total. The composition of the RMC and the attendance record of its members for the year under review are as follows: Director Designation Total Meetings Attended in 2023 Jill Margaret Watts (Chairman) Independent Non-Executive Director 4/4 Dato’ Sri Muthanna bin Abdullah (Member) Independent Non-Executive Director 4/4 Ong Ai Lin (Member) Independent Non-Executive Director 4/4 Tunku Alizakri bin Raja Muhammad Alias (Member) (Ceased on 16 March 2023) Non-Independent Non-Executive Director 1/1 Annual Report 2023 109 Risk Management Committee Report
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