the internal and external environments and ensuring that risk information is communicated through a clear and robust monitoring and reporting structure. The policy emphasises on the role of all TNB employees, who are responsible and accountable to manage risks by taking all reasonable care to minimise loss, maximise opportunity and ensure TNB’s reputation is upheld. Leadership and Commitment The TNB Risk Management Structure depicts the leadership and commitment of Board and Management in the escalation and cascading of risk information across all levels. Since its establishment on June 5, 2013, the Board Risk Committee (BRC) reaffirms the Board’s commitment to ensure that the Group has in place a robust risk management framework and that such framework has been effectively implemented to enhance the Group’s ability to achieve its strategicobjectives. The BRC is supported by the Management, primarily through the Group Executive Management Committee chaired by the President/CEO. It is complemented by the cross-functional GRMWC and Subsidiaries Risk Management Working Committee (SRMWC). The Risk Management Department (RMD) helmed by the Chief Risk Officer facilitates the implementation of the TNB Risk Management Framework. Recognising the importance of sustainability in our business, the BRC Terms of Reference was reviewed, which led to the transformation of the BRC to the Board Sustainability and Risk Committee (BSRC), effective from 25 August 2023. Consequent to changes in the organisational structure in the fiscal year, the Chief Risk Officer (CRO) reports to the Chief Sustainability Officer with RMD being one of the departments in the newly formed Sustainability Division effective from 1 June 2023. Throughout the fiscal year, the BRC/BSRC upheld its commitment to diligent oversight, convening nine (9) meetings to address various risks and opportunities associated with investment proposals, strategic initiatives, and operational dynamics. These meetings also encompassed a thorough review of TNB business