|Risk Management Policies
The Company's risk management policies have been approved by the Board of Directors in 2020, and were set to be our supreme guiding principles in controlling risk. In accordance with the risk management standards and guidelines of ISO 31000, the Company has formulated corresponding procedures and systems. Through annual risk evaluation and identification, the Company would develop plans to mitigate, transfer or avoid potential risks, aiming for a solid internal structure, hence achieving sustainable operation.
|Risk Management Framework
The Company has established a risk management team under Corporate Social Responsibility Committee, which is in charge of risk related activities. The risk management framework consists of external risks like political economy, environment and compliance; as well as internal ones like manufacturing, R&D, information security and finance. From the perspective of business continuity, our risk management mechanisms consist of identification, analysis, and evaluation, aiming to quantify the frequency, along with the magnitude of impact and control of risk. In regard to risk identification, prevention, monitor, or other major risk management topics, the team would report to the Board of Directors at least once a year.
|The Organization of the Risk Management Team
|Risk Management Operation