Singapore – Monetary Authority of Singapore

Singapore – Monetary Authority of Singapore – Code of Corporate Governance – Risk Governance Guidance for Listed Boards – 10 May 2012. Covering:

Foreword

Acknowledgements

Introduction

1. Background
2. Principle 11 and Guidelines of the Singapore Corporate Governance Code
3. Objectives
4. Risk Governance
5. Roles and Responsibilities
6. The Enterprise Risk Management (ERM) Framework

Appendicies

Appendix A – Ways in which the Board can Govern Risk

Appendix B – Sample Terms of Reference for a Board Risk Committee

Appendix C – Understanding What Constitutes a Sound System of Risk Management and Internal Controls

Appendix D – Setting Risk Tolerance

Appendix E – Understanding the Risk Management Process

Appendix F – Information Technology (IT”) Risks that Boards should be aware of

Appendix G – Reviewing Adequacy and Effectiveness

Appendix H – Risk Assurance and Annual Assessment

Appendix I – The Enterprise Summary (“Helicopter View”)

Appendix J – Comfort Matrix View of Key Inherent Risks

Appendix K – Setting and Instilling the Right Culture

Appendix L – Sample Questions to Ask when Reviewing Risk Management and Internal Control Systems

Appendix M – Providing Commentary on Risk Management and Internal Controls