Chapter 5 Risk Reporting and Disclosure |
| Article 26 | (Risk documentation)
The procedures and results of risk management, including risk identification, risk analysis, risk evaluation, risk response measures, relevant information sources, and results of risk assessment, etc.,shall be documented, examined, reported, and properly retained for reference through appropriate mechanisms.
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| Article 27 | (Risk reporting)
Risk reporting is an integral part of corporate governance. It is advisable that different stakeholders and their specific information needs and requirements, the frequency and timesensitivity of reporting, methods of reporting, and relevance of information to the objectives and decision-making of the organization be taken into account in assisting senior management and the governance unit in making relevant risk decisions and performing their risk management duties.
The risk management promotion and enforcement unit shallconsolidate the risk information provided by various units, issue risk management related reports to the risk management committee and board of directors on a regular basis, and develop a dynamic management and reporting mechanism, to oversee the effective enforcement of risk management.
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| Article 28 | (Risk disclosure)
A TWSE or TPEx listed company shall disclose the following risk management related information on the company website or Market Observation Post System for external stakeholders' reference and shall update said information on an ongoing basis.
Specific items to be disclosed include:
- risk management policy and procedures;
- organization structure of risk governance and management;
- operation and enforcement of risk management, including frequencies and dates of reporting to the board of directors and committee.
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