|
Article 14
|
(Duties and role of the risk management committee)
The duties and role of the risk management committee are as below:
- examine the risk management policy, procedures, and structure, and review their applicability and the effectiveness of their enforcement on a regular basis;
- approve the risk appetite (risk tolerance) to facilitate allocation of resources;
- ensure the risk management mechanism is able to address adequately risks faced by the company and incorporate the mechanism in day-to-day operating procedures;
- determine the priority order and risk levelof risk control;
- examine the enforcement of risk management, propose necessary recommendations for improvement, and report to the board of directors on a regular basis (at least once a year);
- enforce the risk management policy of the board of directors.
|