Risk category: Regulatory Compliance risk Oversight Audit Committee Risk Management Committee Damages from failing to adhere to industry standards, laws and regulations Opportunities Build a reputation as an ethical and trustworthy organisation Foster a culture of continuous learning to minimise incidents Capital linkages Mitigation plans Conduct periodic compliance training Ensure timely updates and enforcement of policies and legal statues Monitor the whistleblower reporting system regularly Adverse regulatory risk Impacts on a business arising from changes in laws, regulations or government policies Oversight Audit Committee Risk Management Committee Opportunities Plan and strategise to ensure adherence to timelines and regulatory compliances Transition proactively to more sustainable regimes Capital linkages Mitigation plans Collaborate with industry bodies, particularly those that convey industry perspectives to government departments involved in policy formulation and the issuance of regulations and notifications Engage in ongoing dialogues, meetings and conversations with regulatory authorities Monitor draft notifications and proposals from both the government and industry bodies, as well as identify potential risks that may arise *Management Committee Statutory Reports Financial Statements 29 Corporate overview Performance overview ESG overview
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