Below are the minimum powers and roles of the risk management committee: 1. Prepare and review risk management strategies and policies prior to getting them approved by the board of directors and verify application of such strategies and policies and that they are appropriate to the company’s nature and level of activities. 2. Ensure provision of resources and systems sufficient for risk management. 3. Evaluate systems and mechanisms of identifying, measuring and monitoring various types of risks that may face the company, in order to identify areas of weakness. 4. Assist the Board of Directors to identify and evaluate the company’s acceptable risk level, and ensure that the company does not exceed such level after it approval by the Board of Directors. 5. Review the organizational structure of risk management and provide recommendations in this regards prior to its approval by the Board of Directors. 6. Verify independence of the risk management employees from activities that result in subjecting the company to risks. 7. Verify that the risk management employees fully understand the risks surrounding the company and raise awareness of employees concerning risk culture. 8. Prepare periodical reports concerning the nature of risks facing the company and submitting such reports to the company’s Board of Directors. 9. Review issues raised by the related audit committee, which may affect risk management in the company. 10. The risk management committee shall hold periodical meetings at least quarterly per annum and when necessary and it shall prepare the minutes thereof.