The Company aims to identify, measure, analyze, monitor, and control all forms of risk that would affect the Company. Audit Committee:
The AC reviews the effectiveness of risk management systems employed by the Company.
The AC shall assist the Group's Board of Directors in its fiduciary responsibility for the over-all effectiveness of risk management systems, and both the internal and external audit functions of the Company. Furthermore, it is also the AC's purpose to lead in the general evaluation and to provide assistance in the continuous improvements of risk management, control, and governance processes.
The AC aims to ensure that:
The ERMG was created to be primarily responsible for the execution of the enterprise risk management framework.
The ERMG's main concerns include:
The Compliance Officer assists the Board of Directors in complying with the principles of good corporate governance.
He shall be responsible for monitoring actual compliance with the provisions and requirements of the Corporate Governance Manual and other requirements on good corporate governance, identifying and monitoring control compliance risks, determining violations, and recommending penalties on such infringements for further review and approval of the Board of Directors, among others.