Risk Management Statement

INTRODUCTION

The Board maintains the overall responsibility for the risk oversight functions within Bursa Malaysia through the RMC chaired by a PID.

During the year, the RMC has convened four scheduled quarterly meetings. Pursuant to its oversight function to ensure that Bursa Malaysia's risk management process is appropriate and functioning as designed, and that infrastructure, resources and systems are put in place for effective risk management, the RMC reviewed pertinent matters brought to its attention as well as areas of concern raised by the RMC itself, including:

• key projects such as the implementation of BTS;
• key corporate risks and emerging concerns, and the effectiveness of actions taken or being taken by Management;
• selected operational risks and mitigation measures;
• progress of various ERM activities undertaken throughout the organisation; and
• reports on exposures, incidences of major system failures and related business interruptions, liability exposures and actions taken.

RISK FRAMEWORK & GOVERNANCE STRUCTURE

Bursa Malaysia's ERM framework views the risks of the organisation from four perspectives: Strategic, Financial, Operational and Hazards.

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