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Article 13
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(Duties and role of the board of directors)
The duties and role of the board of directors are as below:
- approve the risk management policy, procedures, and structure;
- ensure consistency between the direction of operational strategy and the risk management policy;
- ensure an appropriate risk management mechanism and risk management culture have been established;
- oversee and ensure effective operation of the entire risk management mechanism;
- allocate and designate adequate and appropriate resources for effective operations of risk management.
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