AwanBiru Technology Berhad - Annual Report 2021

Risk Management Committee Report 1. ROLE The Risk Management Committee was established on 30 November 2010 by the Company’s Board of Directors (the “ Board ”) to assist the Board to fulfil its corporate governance, risk management, and statutory responsibilities through a review of the Group’s risk management strategies, policies, framework and the internal control systems in order to manage the overall risk exposure. 2. TERMS OF REFERENCE The Risk Management Committee is formally constituted within the Risk Management Committee Terms of Reference, which is available on the Company’s website at https://www.awantec.my The Risk Management Committee Terms of Reference sets out the composition, roles and responsibilities, authority and meeting requirements. 3. MEMBERSHIP The Risk Management Committee, which is led by Mr. Ramanathan a/l Sathiamutty, consists of three (3) Independent Non-Executive Directors and two (2) Non-Independent Non-Executive Directors. The members of the Risk Management Committee bring with them a diverse set of expertise and experience and have a solid understanding of the sectors in which the Group operates. This enables them to carry out their role in identifying and monitoring new corporate and strategic and other emerging risks as well as closely engaging Management on managing, mitigating and eliminating the inherent risk issues that may have impact on the Group. 4. MEETINGS The Chief Financial Officer and the Group Financial Controller were invited to Risk Management Committee meetings to provide input and clarity on the actions taken by the Group in respect of strategic and business risks affecting the Group. Other attendees, internal or external, were invited to deliberate on matters within their purview. Number of Meetings 1 Attendance 100% Meetings held on 19 August 2020 Chairman Ramanathan a/l Sathiamutty (Independent Non-Executive Director) Attendance Rate: 1/1 Members Paul Chan Wan Siew (Senior Independent Non-Executive Director) Attendance Rate: 1/1 Dr. Abu Hasan bin Ismail (Non-Independent Executive Director) Attendance Rate: 1/1 Baldesh Singh a/l Manmohan Singh (Non-Independent Executive Director) Attendance Rate: 1/1 Ginny Yeow Mei Ying (Independent Non-Executive Director) Attendance Rate: 1/1 Transparency | Awantec Annual Report 2021 113