Corporate Governance

Risk Management Policy: The Company focuses on short-middle term strategy. Though risks are inevitable, management shall evaluates beforehand to limit and avoid operating risks by which the Board Directors and relative departments reviewed and conducted.
Structure of Risk Management: Risks are managed accordingly to the nature of business: market risk, financial risk, liquidity risk, credit risk, and legal risk, strategic and operational risk.

▶ General Manager Office:

Responsible for planning business strategies and monitoring the operational results and efficiencies to lower strategic risks; also responsible for legal risks management through complying with governmental laws on supervisory measures and handling underlying contracts and litigations to lower legal risks.

▶ Administrative Management Division:

Set up the risk management for human sources in accordance with the relevant laws.

▶ Finance & Accounting Division:

Responsible for asset risk management, complying with relevant laws and regulations to ensure the sustainability of the Company and safeguarding of assets. The department is also responsible for evaluating middle- to long-term investment gains, conducting and controlling financial operations, and establishing hedging mechanisms. We shall lower financial risks through compliance with laws and regulations as well as ensuring reliable financial reporting.

▶ IT Center:

Responsible for building and maintaining ERP systems and network, ensuring network security through taking precaution measures to lower information and technology risks.

▶ Production Department:

Other than verifying production follows relevant SOP and procedures, the Production Unit is also responsible for avoiding any delays in production and delivery schedule and complying with ISO (International Organization for Standardization) standards to execute daily management.

▶ Logistic Management Division:

Set up the overall and complete logistic operation to decrease the risk exposed during transportation products and the process of storage.

▶ E.H.S. Office:

Responsible for the planning and execution of environmental, safety, and hygiene measures to comply with relevant laws and regulations and lower risks associated with environment, safety and health.

▶ R&D Center:

Evaluate if there are risks of infringing existing patents or intellectual properties from the development of new products, and manage patents and intellectual properties.

▶ Quality Assurance and Control Department:

Ensure products are manufactured in accordance to related international standards, to lower risks related to quality and customer complaints.

▶ Audit Team:

Responsible for evaluating significant risks and placing these risks in the center of audit planning. The Audit Team shall submit a report regarding the risks.