Enterprise-wide risk management process
• Establishes overall
risk framework.
• Identifies key risks
with Management.
• Regularly reviews
business risks.
• Examines liability
management and risks.
• Assists the Board
in examining the
effectiveness of risk
management policies.
• Reviews and guide
Management in the
formulation of risk
policies and processes.
• Ensures a robust risk
management system
is maintained.
• Reports to Audit and
Risk Committee.
• Performs risk management
and internal control
functions.
• Maintains an internal
control system which covers
key Strategic, Financial,
Investment, Operational
and Compliance risks.
• Completes a checklist
verifying that adequate
internal controls are
in place at the end of
each financial year.
Board
Audit and Risk
Committee
Management
Executive Risk Owner
Control Owner
Strategic
Chief Executive Officer
As assigned by Executive Risk Owner
Financial
Chief Financial Officer
Investment
Head, Investment Management
Operational
Head, Asset Management
Compliance
As appropriate
.23
ASCENDAS india trust ANNUAL REPORT
2015/2016
Ove r v i ew
what af f ect s us
what we do
our p e r formance
