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GIANT ESG Sustainable Development

Risk Management

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In Giant's risk management organizational structure, the Board of Directors plays the role of the highest authority in risk management.

 

 

 

 

 

 

Scope of Risk Management

 

The scope of risk management is broad and diverse. Giant carefully addresses strategic planning risks, focuses on operational management risks, cautiously evaluates and handles financial operational risks and also concerned about the potential impact in terms of hazard event risks. Giant also pays particular attention to other risks not covered in the aforementioned categories but which could still cause significant losses to the company. 

 

 

 

 

 

 

Risk Management Process

 

Giant has established clear and orderly execution procedures for risk management. This series of procedures forms Giant's risk management mechanism, ensuring that the company can achieve continuous growth and sustainable operations in the environment of various uncertainties.

 

Identify potential risks

 

 

Establish appropriate assessment methods

 

 

Monitor potential risks, propose response strategies, and report

 

 

Take appropriate measures in response to potential risks

 

 

The company periodically reports risk status to the Board of Directors for management reference

 

 

 

 

Execution Procedures

 

The risk management execution procedures are divided into three levels: responsible departments, management committee, and the Board of Directors.

 

Board of Directors

The Board of Directors is the highest decision-making body for risk management in our company. It is responsible for approving the company's risk management policies, structure, and establishing a risk management culture. The Board bears the ultimate responsibility for overall risk management.

 

Management Meetings

The Management Committee, chaired by the President or relevant operational managers, is responsible for the risk assessment and contingency planning of various operational plans and projects, as well as the evaluation and response coordination of risks reported by responsible departments.

 

Responsible Departments

Personnel in each responsible department are tasked with identifying potential risks within their scope of authority, conducting assessments, formulating response and control plans, and reporting them.

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