Risk Management
Risk Management Policies and Procedures
The company's "Risk Management Policy and Procedures" was approved by the board of directors on November 12, 2020, as the highest guiding principle of the company's risk management; the company regularly assesses risks every year and formulates risk management policies for various risks. Covers management objectives, organizational structure, ownership of rights and responsibilities, and risk management procedures and implements them to effectively identify, measure, and control various risks of the company, and control the risks arising from business activities within an acceptable range.
Risk Management Type
The company's risk management includes the management of "hazard risk", "operational risk", "financial risk", "strategic risk" and "compliance risk".
Organization
Operation
On December 28, 111 (2022), we reported the status of risk management operations to the Board of Directors as follows:
I. Regular Supervisory Meetings: We hold weekly meetings every Wednesday with department heads to address the following identified risks and
ensure proper control：
Operational Risk: We discuss the overall operational status of the company, including order acquisition, production, and shipping processes.
Strategic Risk: We gather, integrate, analyze, and assess information on domestic and international fluctuations in raw material prices to effectively determine future strategic directions.
Financial Risk: We review the financing status and provide explanations regarding customer accounts receivable.