Enterprise Risk Management (ERM) at FSL adopts a holistic focused approach that helps Board, CEO and Senior Management to manage its business risk through identification, assessment, tracking / monitoring and mitigation
Enterprise Risk Management
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Internal Audit |
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Evaluate adequacy of internal controls |
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Review, validate and report compliance with policies, laws and regulations |
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Provide opinion and assurance to Audit & Risk Committee |
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Conduct special reviews / assurance audits |
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Risk Management |
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Define, develop and implement the risk management framework |
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Identify, assess, report and track enterprise wide risks |
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Risk reporting based on key priorities, it’s elements and high impact factors |
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Legal |
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Advise on client and vendor contracts |
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Maintain, monitor and manage client contracts |
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Litigation management and reporting |
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Others – advise on employment matters, interpretations and policy reviews |
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Regulatory Compliance |
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Define and implement regulatory compliance framework globally |
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Identify, monitor and report on compliances to laws and regulations |
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Contractual Compliance |
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Reporting compliance to client contractual obligations |
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Perform Compliance Reviews to analyze root cause for non compliances and highlight gaps for management decision |
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Conduct workshop to educate all stakeholders |
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Secretarial |
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Comply to Listing Agreement and other applicable laws |
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Facilitate Board of Directors and Shareholders meetings |
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Implement Employee Stock option Scheme and Insider Trading code |
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Firstsource Corporate Governance Structure
ERM assists the Audit Committee of the Board in fulfilling its corporate governance responsibilities
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