GC's risk management structure is divided into three levels, including the Corporate Level, the Function Level and the Operational Level. The Risks Management Committee (RMC), which has been appointed by the Board of Directors, is responsible for setting the policy and risk management framework, as well as monitoring and providing recommendations on risk management.
Additionally, the company has also established an Enterprise Risk Management Committee (ERMC), which consists of executives from several departments that are under control of Executive Vice President (EVP) – Corporate Strategy. The ERMC has the responsibility for risk governance, enforcement and risk management throughout the organization, as well as monitoring the key risk indicators (KRI), and the progress of risk mitigation measures. Furthermore, The ERMC closely monitors the company's risk management on a monthly basis.
GC has also appointed a Value Chain Management Committee (VCM), which comprises of Executives from relevant functions, to be responsible for weekly monitoring of the market situation, and to provide risk management approaches for feedstock, product price fluctuations and exchange rate fluctuations in accordance to the risk management framework of the company.