Risk 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