Risk management policy and procedure
EDT has formulated the “Risk Management Policies and Procedures” and approved by the Board of Directors. This expects to conduct risk management against uncertain factors that may threaten the enterprise’s business operations, and is jointly implemented by the Board of Directors, Audit Office, President, all risk management departments, all units, and subsidiary companies. We implement a risk assessment every year with the heads of each risk management department to oversee analysing and monitoring the risks faced by their business jurisdictions. All risk management policies and major decisions must report to the Board of Directors for approvals. In accordance with the results of risk assessment, an annual audit plan is mapped out by the Audit Office for this purpose. The General Manager oversees the coordinating and supervising the implementation and coordination of the entire risk management. Each unit and subsidiary companies must abide by the regulations when performing necessary operations and risk management, ensuring that the risks involved are controlled within the affordable range. (Download the “Risk Management Policies and Procedures“–only in Traditional Chinese)
The scope of risk management
As an attempt to review business and operating characteristics, EDT has now included a total of 12 risk categories under management. They are interest rate change risk, exchange rate change risk, climate change and environmental risk, occupational safety risk, raw material price and supply chain risk, information security risk, strategy and operation risk, investment risk, legal risk, technology risk, management risk, and corporate image risk.
The organization structure of risk management
