GC continuously promotes a risk management culture throughout the organization to ensure a stable and sustainable growth. GC develops a risk culture guideline and enforces it throughout the organization. There are six components as follows: 1) Risk Governance, 2) Leadership, 3) Risk Structure, 4) Risk Technique, 5) Risk Communication and 6) Risk Management Knowledge.
GC’s risk management structure covers all levels. Roles, duties and guidelines are also assigned to each level. The Risk Management Committee (RMC) is appointed by the Board of Directors to govern risk management through risk management policies, risk appetite and risk management framework.
The Management Committee (MC), the Enterprise Risk Management Committee (ERMC), and senior executives from various departments are authorized to manage corporate risk management performance in accordance with policies, objectives, and frameworks approved by the RMC.
GC has appointed managers to be a “GRC Partner” in order to advice as well as present, improve and report risk management in accordance to GRC, in order to strengthen the risk management capability in all levels.
Regularly monitor and report risk management performance to the management and the Board of Directors while raising awareness of both internal and external risk management using various means of communication, such as newsletter and e-learning. In addition, the digital system has been applied as a channel to report emergency incidents and as a center for data compilation, such as the Incident Management System (IMS), etc. Furthermore, risk management and related issues are communicated through the Annual Report and the Integrated Sustainability Report to strengthen corporate risk management culture.