This framework provides a structured and consistent approach for risk management implementation across the Group. The purpose of risk management is to create and protect value and this is exemplified through each element in the TNB Risk Management Framework. The framework has been approved by the BRC/BSRC and is reviewed annually. The implementation of the TNB Risk Management Framework is documented through six risk governance documents, which are the TNB Risk Management Framework, TNB Risk Management Policy, TNB Risk Assessment Process, Risk Review, Risk Report and Key Risk Indicator (KRI). TNB Risk Governance Documents The TNB Risk Management Framework document describes the criteria and frequency of revision of these risk governance documents and the levels of approving authority to ensure the documents are robust, practical for implementation and reflectiveof the internal and external context. In the year under review, no major change was made and revisions for clarity in these documents were deliberated and approved by the Group Risk Management Working Committee (GRMWC). Risk Review Guide Structured risk review methodology Risk Report Guide Structured and standardised risk reporting template Key Risk Indicator Guide Structured and standardised methodology to identify, monitor and report KRIs Four Risk Management Guides TNB Risk Management Framework Document Structuredandconsistentapproachto riskmanagement TNB Risk Management Policy StatementdeclaringTNB’scommitmentand approachtoriskmanagement VALUE CREATION & PROTECTION Leadership & Commitment Culture Business Strategy Communication Integration Risk Assessment Review, Monitor & Report TNB Risk Assessment Process Guide Structured and standardised risk assessment methodology CREATING VALUE THROUGH STRONG GOVERNANCE Sec 4 185 STATEMENT ON RISK MANAGEMENT AND INTERNAL CONTROL Risk Management Policy The TNB Risk Management Policy is a statement of the overall intention and direction of the Group on risk management. It describes the commitment of the Group to