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Internal control systems





                           Roles and responsibilities





               2.1  Roles in risk management and internal control




                                     Role                              Responsibility





                              Ensuring adequacy
                             and effectiveness of                          Board of
                                internal control                           Directors
                                   systems





                           –    Setting internal
                                control policies
                           –    Monitoring                            Senior executive
                                effectiveness of                        management
                                internal control
                                systems




                                 Establishing
                               specific internal                     Heads of business
                               control policies                              units
                               and procedures









                                Operating and
                                 adhering to                           All employees
                              internal controls









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