Corporate Governance

Risk
Management

Navigate risks with Three Lines Of Defence Model

Corporate Governance

The Board of Directors maintains a reliable system of risk management and internal control to safeguard the interest of PNB and unitholders. PNB adopts Three Lines of Defence Model with a formalised and effective governance structure in place. The structure promotes a uniformed view of risk across PNB by ensuring a consistent and effective implementation of risk management practices throughout the organisation with involvement of Board and Senior Management.

Fundamental of Risk Elements

PNB implements a structured and consistent approach to the monitoring and reporting on risk management at enterprise-wide-level guided by the PNB Enterprise Risk Management (ERM) Framework.

The independence of the risk management function and its close alignment to the business ensures consistent and effective risk oversight via the following fundamental risk elements:

Risk Reporting and Escalation Path

Risk Culture

Risk Management Practices and Processes

Risk Governance and Oversight

Resiliency and Readiness

Risk Appetite

Risk Reporting and Escalation Path

Risk Culture

Risk Management Practices and Processes

Risk Governance and Oversight

Resiliency and Readiness

Risk Appetite

Risk Reporting and Escalation Path

Risk Culture

Risk Management Practices and Processes

Risk Governance and Oversight

Resiliency and Readiness

Risk Appetite