Asus 2012 Annual Report Download - page 102
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98
!
(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 companyȷs 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.
(3) Periodically evaluate major risks and emergency incidents by reviewing the
responsible units and the effectiveness of the policy implementing procedures.
(4) Periodically review and revise current system flaws and adjust risk
management issues and responsible units according to actual requirement.
(5) The actual steering and assessment on the risk management work of each unit
is implemented based on principles of objects on fields.
3. Action procedure of risk management
(1) Consider internal and external environment of the organization, justice or
competent authorities, competitors, and stakeholders including vendors and
investors with strategic risk management goal defined.
(2) Conduct risk identification and risk quantification.
(3) Compute the company’s risk appetite in accordance with the probability of
risk and the loss resulted from the risk.
(4) Determine the company’s most adequate risk response strategy in accordance
with the cost benefit analysis.
(5) The management of the Risk Control & Contingency Commission is
responsible for risk control and procedure improvement.
(6) Follow up the outcomes of risk control.
The enforcement of the aforementioned stable procedure helps secure the company’s
brand image, enterprise reputation, and value creation; also, fulfill stockholder’s
expectation.
VII. Other material events: None