Risk Management PolicyRisk is an unexpected event, measured in terms of likelihood and consequences, that may adversely affect Winbond’s operations or the achievement of Winbond’s objectives.
Winbond’s Risk Management Policy includes:
Winbond’s commitment to applying risk management practices throughout the organisation;
Winbond’s objectives in managing corporate risks;
Winbond’s commitment to world best practice and continuous improvement
To achieve this Winbond will:
Allocate adequate resources,
Coordinate risk management initiatives;
Establish and implement standard procedures;
Monitor and review periodically risk management procedures and make appropriate modifications;
Enhance the risk management culture at all levels of Winbond;
Effectively communicate with stakeholders internally and externally, including the board;
Comply with all relevant regulations
This policy will be reviewed and revised by management periodically |