Corporate Social Responsibility
Risk management
To enhance corporate governance and establish an effective risk management framework for sustainable operation and development, the company approved the “Risk Management Policy and Procedures” in August 2024. The Board of Directors serves as the highest decision-making body for risk management, responsible for endorsing overall risk management policies and major decisions to ensure prudent operation and sustainability. It periodically reviews risks across strategic, operational, financial, hazard, compliance, cybersecurity, and other relevant areas to enhance industry competitiveness.
The risk management policy of the company and its subsidiaries defines various risks in accordance with the overall operational guidelines of the company. It establishes a risk management mechanism to identify risks early, accurately measure, effectively monitor, and strictly control risks. Within the acceptable risk range, it aims to prevent potential losses. By continuously adjusting and improving best risk management practices based on internal and external environmental changes, it aims to protect the interests of employees, shareholders, partners, and customers, increase company value, and achieve optimal resource allocation principles.
(1) Board of Directors
The highest responsible unit for risk management in the company is the Board of Directors, which establishes risk management policies and related regulations, supervises the effective operation of risk management mechanisms, and allocates appropriate resources.
(2) Audit Committee
The Audit Committee is responsible for overseeing and ensuring the execution of risk management, and reports the overall risk management results to the Board of Directors at least once a year.
(3) Risk Management Team
Comprised of managers from various departments, the Risk Management Team is responsible for risk identification, assessment, and control planning to ensure the proper implementation of risk management systems in each department. They supervise and monitor the execution of risk controls in operational units, reporting to the corporate governance supervisor.
(4) Corporate Governance Supervisor
Planning, leading, and overseeing risk identification, assessment, control, and monitoring in operational units, the Corporate Governance Supervisor provides improvement recommendations as needed. They supervise the implementation of risk controls in various departments, compile a group risk matrix based on feedback data from each unit, outline the execution status of the current year, the risk management plan for the following year, and report to the Audit Committee at least once a year.
The execution status of the 2024 risk management policy and risk measurement standards is expected to be presented to the Audit Committee and the Board of Directors in November 2024.
