Risk Management

Risk Management Organization, Procedures and Assessment Boundary

To enhance corporate governance and improve risk management, the company formulated its "Risk Management Policies and Procedures". The Board of Directors is the highest-level supervising unit, and the risk management group is a functional committee under the board of directors. Related units assume different responsibilities according to their respective scope of duties, and are responsible for the identification and assessment of various risks, for the formulation of response measures, and the implementation of risk monitoring and controls.

The senior executive of the Supervision Department is the director, who is in charge of convening group meetings, assisting in the promotion of various sustainability tasks, coordinating all responsible units' risk management policies and procedures, risk control implementation and response improvement to ensure the effective operation of the risk management mechanism, and regularly reporting implementation results to the Sustainability Committee and making necessary suggestions for improvement every year. The Sustainability Committee regularly reports on the implementation to the Board of Directors every year. The company reported the implementation of risk management to the board of directors on December 20, 2023.

The risk assessment boundary includes the Taipei head office, Hsinchu factory, Xinying factory and Kaohsiung factory.

Risk Management Topics and Responses

The company has conducted risk evaluation, identifying a total of seven major items in the scope of risk management. Each related unit assesses risk factors and formulates response measures based on its own scope of duties to properly manage various risks. The company's 2023 identification and assessment of risk items by related units are tabulated below :