competency of employees across the Group. HOW THE COMMITTEE OPERATES Throughout Financial Year 2023, seven (7) BRC meetings were held prior to 25 August 2023 and two (2) BSRC meetings were held for the remaining of the year. Ahead of each meeting, meeting schedules, agenda, papers approved for tabling and updates of outstanding matters from previous meetings were communicated to the BSRC members. The President/CEO, Chief Operating Officer, Chief Sustainability Officer, Chief Risk Officer and Company Secretary, who is also secretary to the BRC/BSRC, attended the meetings. Other attendees, internal or external, were invited to deliberate on matters within their purview. Decisions made during these sessions were diligently documented in action sheets by the Company Secretary, outlining necessary steps for implementation. These action sheets were swiftly circulated to managementteam for further action. Furthermore, the Chairman’s Reports from these BRC/BSRC meetings were presented at Board meetings, facilitating deliberation of key sustainability and risk matters. MAIN ACTIVITIES OF THE BRC/BSRC (I) BRC Below are the key activities of the BRC (until 24 August 2023): TNB RISK MANAGEMENT FRAMEWORK & GOVERNANCE The BRC has approved the TNB Risk Management Framework that provides a structured and consistent approach to risk management across the Group. The implementation of the framework is governed through the TNB risk governance documents, which are guidance documents for the business entities across the Group to implement and integrate risk management into its business operations for informed decision-making and to achieve objectives and targets. The TNB Risk Management Structure described in the TNB Risk Management Framework governs effective risk management implementation in the Group. TNB Strategic Risks & Key Operating Risks The BRC approved 12 TNB Strategic Risks in the year under review. TENAGA NASIONAL BERHAD Integrated Annual Report 2023 172 EFFECTIVE AUDIT AND RISK MANAGEMENT Communication The BRC continues