Risk Management Policy

Home»Sustainability Policies»Governance Responsibility»Risk Management Policy

Risk Management Policy

  • The Company is committed to constructing and maintaining a comprehensive risk management system, which encompasses the entire Group and its subsidiaries.
  • The risk management policy defines various types of risks in accordance with the Company's operating policies, hence preventing possible losses within the tolerable risk range, increasing shareholders' value, and optimize the allocation of resources to reasonably ensure the achievement of the Company's strategic objectives.
  • The Company shall establish “Risk Management Regulations” in accordance with this policy. These regulations shall be approved by the Board of Directors, and the President shall be the convener to coordinate the promotion and operation of the plan of which all employees shall participate and cooperate. The Company will take the initiative to communicate with stakeholders about risk events to reduce the impact on the Company's operations in the event of a risk event. All will be addressed on the potential strategic, operational, and financial risks that may affect operations or profitability.
  • The Company will introduce Task Force on Climate-Related Financial Disclosures (TCFD) and establish a task force to identify and assess climate-related risks in advance. Risks and relative opportunities are identified in four major areas which include governance, strategy, risk management, and objectives. These opportunities are then reported to the Board of Directors.
  • The Company's risk management procedures are based on five major themes: risk identification, risk measurement, risk monitoring, risk reporting and disclosure, and risk response. They are carried out according to management regulations.
  • The Company shall communicate with all stakeholders in the disclosure of the risk identification outcomes and their subsequent management, The risk management information will then be disclosed in the company’s annual report, ESG report, and website.