|
The FBC is chaired by Mr Hsuan Owyang and comprises Mr Liew Mun Leong, Mr Jackson Peter Tai and Mr Olivier Lim Tse Ghow, the Group Chief Financial Officer (appointed on 1 July 2005).
During 2005, the FBC met three times to review the quarterly financial results, the forecasts and the annual financial plan of the Group. Major business events, initiatives, strategies and areas of concern were also discussed at the meetings. In addition, the FBC reviews and approves updates to the CapitaLand Group Finance Manual.
The RC was formed in September 2002 as part of CapitaLand’s efforts to strengthen its risk management processes and framework.
The RC comprises Mr James Koh Cher Siang as the Chairman (appointed on 1 August 2005), with Mr Richard Edward Hale and Mrs Arfat Pannir Selvam (appointed on 2 January 2006) as members.
|
The committee’s roles and functions are to:
|
| • |
Review the adequacy of CapitaLand’s risk management process; |
| • |
Review and approve in broad terms, the risk guidelines and limits. These include country concentration limits and risk
adjusted country hurdle rates for the Group and the SBUs, which are reviewed annually; and
|
| • |
Review CapitaLand’s risk portfolio and risk levels, as assisted by the CapitaLand Corporate Risk Assessment Group,
which is responsible for compiling the Group Quarterly Risk Report. Included in the report is a monitoring of the
utilisation rates of approved country and treasury limits of the Group.
|
|
