UEM Sunrise Bhd. formed a board risk committee, effective Aug.1, after the board of directors approved its creation.
The newly established committee will handle the risk oversight for the board, which was previously under the audit committee's function. Members include Lim Tian Huat, an independent nonexecutive director of the company, acting as chairman, along with senior independent nonexecutive director Srikandan Kanagainthiram and another independent nonexecutive director Subimal Sen Gupta as members.
Gupta was also appointed as the new chairman of the audit committee.