Macfos Ltd Constitutes Risk Management Committee

Macfos Limited has announced the voluntary constitution of a Risk Management Committee, effective immediately. The Board of Directors approved the committee's formation and terms of reference during a meeting held on October 28, 2026. The committee will be responsible for formulating a risk management policy, identifying and mitigating internal and external risks (including financial, operational, ESG, and cybersecurity risks), monitoring risk systems, and ensuring business continuity. It will also review the appointment of a Chief Risk Officer and report to the Board. The committee will meet at least twice annually, with a quorum of two members or one-third of the total members, including at least one Board member.