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Article 15
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(Duties and role of the risk management promotion and enforcement unit)
The duties and role of the risk management promotion and enforcement unit are as below:
- devise the risk management policy, procedures, and structure;
- determine the risk appetite (risk tolerance) and developqualitative and quantitative metrics;
- analyze and identify sources and types of company risks and review the relevant applicability on a regular basis;
- compile and present a company risk management enforcement report on a regular basis (at least once a year);
- assist with and oversee the conduct of each department's risk management activities;
- coordinate interdepartmental interaction and communication in regard to risk management;
- enforce the risk management policy of the risk management committee;
- devise risk management related training programs to enhance overall risk awareness and culture.
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