Chapter 2 Risk Governance and Culture |
| Article 6 | (Development of a sound risk governance and management structure)
It is advisable for a TWSE or TPEx listed company to, taking into consideration the scale, business features, risk nature, and operating activities of the company, develop a sound risk governance and management structure whereby risk management are linked to the company's strategy and objectives through the participation of the board of directors, functional committees, and senior management. In this way, the company's material risk items are identified, the results of risk identification become more comprehensive, perspective oriented, and complete, and corresponding risk control and measures are promoted and initiated in a top-down manner, to ensure reasonably accomplishment of the company's strategic objectives.
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| Article 7 | (Deepening of risk culture)
It is advisable for a TWSE or TPEx listed company to promote a top-down risk management culture whereby awareness of risk management is integrated in day-to-day decision making and a comprehensive corporate risk management culture is fostered through express risk management representations and undertakings of the governance unit and senior management, the establishment and support of a risk management unit, and the offer of professional training in risk management across the board.
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| Article 8 | (Offer of sufficient resources and support)
The risk governance and management units of a TWSE or TPEx listed company shall value and support risk management, offer adequate resources to operate risk management effectively, and be responsible for itseffective operations.
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| Article 9 | (Integration and coordination)
A TWSE or TPEx listed companypromoting risk management shall integrate the duties of all its units to ensure joint promotion and enforcement by such units, in order to implement risk management of the whole business through communications, coordination, and contacts among the units.
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