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Risk Management Mechanism

            TSC established the Taiwan Sugar Corporation Risk Management Promotion Committee, with the chairman serving as the steering committee, the president as the chairman of the committee, and all the vice presidents, the first-level supervisors of all departments (excluding the Internal Inspection Office) and units as the committee members.

Risk Management Policy

          The "Guidelines for Risk Assessment" has been developed, followed by the identification, analysis, assessment and handling of every short-, medium- and long-term risks. First, we identify the risk factors and assess potential losses, followed by the selection of management methods and the implementation of regular and irregular monitoring, auditing, and tracking of risk management.

Risk Management Implementation and the Responsibilities of Departments

          Each unit plans and reviews the risk management implementation status on a yearly basis in accordance with the Key Points for Risk Assessment and Management. Every unit should review the risk items of the management business of the current year at the end of every year, and in addition to reviewing the implementation effectiveness of risk management for potential events of losses, business processing analysis (BPA) for the management business in the following year should be carried out, the potential risks shall be listed, the source of events shall be confirmed, and the likelihood of occurrence and the degree of impact of various potential risk items (including common risk events and important risk matters for each department) shall be evaluated as well as set. Cost-effective planning and four risk management strategies should be put into consideration, namely the Risk Aversion, Risk Reduction, Risk Tolerance, and Risk Transfer. Based on the business responsibility of each unit, the risk assessment information identified every year is sent to the Department of Planning, and then to the heads of the departments of the Headquarters for opinions based on the business attributes. After collecting and amending the opinions, they are reported to the president for approval, followed by implementation. The risk management implementation status of each unit of the current year is reported to the board of directors every six months.

Scope of Risk CrisisUnits in Charge
Natural disasters, occupational safety and health disasters, major epidemic (infectious) diseases
Department of Occupational Safety and Health
Matters with environmental impact
Department of Environmental Protection
Product quality
Department of Planning
Labor disputes
Department of Human Resources
Media issues, customer service, corporate image
Department of Secretariat
Cyber Security
Department of Information
Department of Ethics
Damage (due to disasters) of water conservancy facilities, plant diseases
Department of Agribusiness Management
Personal data protection
Legal Affair OfficeOthers:Business units and departments and divisions responsible for the business at TSC Headquarters

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