Asus 2011 Annual Report Download - page 205

201
201
A special risk management and emergency response policy has been formulated
to ensure the sustainable management of ASUS Group and to fulfill the social
responsibility of stakeholders. The purpose of the policy aims to establish a good
independent risk control mechanism under the principles of cost‑effectiveness to
reduce the possible impacts and damages encountered by the Company, and
providing a safe, hazardous-free work environment for the employees at the same
time. Although the implementation of the policy may not increase company profit,
it contains absolute necessity in terms of maintaining the business livelihood of
enterprise sustainability.
The Risk Control and Emergency Response Commission is responsible for
developing risk management policies through the following six meausres:
(1) Material incident occurred
(2) Potential high risk
(3) Extensive scope of influence
(4) Lack of experience in risk control
(5) Significant impact on business and brand image
(6) Incomprehensive system
The implementation of risk measurement and the screening of major risks are
prioritized to form relevant unit with responsibility to promote and implement
relevant process, thereby to advert risks the enterprise could not or unwilling to
withhold.
The Risk Control & Contingency Commission must respond to an excellent
internal audit and control system, coordinate with the chief organizer (deputy
organizer), and integrate the management task for material risk. The Risk Control
& Contingency Commission is to handle the following tasks:
(1) Define profound and actual action plan and regulations in accordance with the
vision and objective strategy of the Risk Control & Contingency Commission
with modification to it made from time to time.
(2) Risk Control & Contingency Commission is to have a decision made over the
material risk and crisis reported by each department.
(3) Evaluate material risk and emergency scenario periodically and review the
performance of the responsible department and SOP strategy.
(4) Review and modify the regulations periodically and adjust the subjects and
chief organizer (deputy organizer) of risk management in accordance with the
actual practice.
(5) Monitor and evaluate the risk management performed by each department
onsite.
2. Organization and function of risk management
To effectively promote the company＇s valuation on risk management and the
results of taking consideration of various risk aggregation from the
comprehensive perspective, the Risk Control and Emergency Response
Commission is under the direct subordination of the Board of Directors, whereas
the Commission and relevant unit supervisors are in charge of the formulation,
promotion and implementation of risk management policy and procedures with
the following functions:
(1) Develop specific and true implementation guidelines and specification
according to the vision and objective strategies, in addition to review and
revise from time to time depending on the actual requirement.
(2) Implement ruling on major risks and crisis submitted by all units.