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Article 27
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(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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