Siat’s board of directors (the “Board”) is responsible for determining and reviewing the company’s business and strategy and overseeing the overall governance and management. In consultation with the executive management, it shall decide the operational and risk strategies. The Board, with the assistance of its different committees, closely monitors the strategic, business, and financial performance of the company, the alignment with stipulated risk appetite and strategies, and compliance with applicable rules and regulations. Furthermore, to effectively discharge its other duties, the Board shall set up two advisory committees, a Board Audit, Risk, Compliance and Governance Committee (BARCG) and a Board Finance and Investment Strategy Committee (BFIC).