1.Wah Lee's risk management philosophy can be expressed from the following two perspectives.
2.Corporate administration: Strengthen the self-discipline mechanism of corporate governance to protect shareholders' rights and ensure a healthy work environment for a continuous business operation.
3.Operation environment: Manage risk through stringent and systematic process to clearly identify and evaluate potential risks to prevent incidents and manage risk levels effectively at a reasonable cost.
According to the operation scope and business essence, Wah Lee has defined three layers of risk management mechanism based on different job functions.
|Investment management and all invested companies||Monitor and manage the risks of business development and operation in all Wah Lee invested companies and report risk management procedure to headquarter periodically.|
|Sales, new business development, and back-end functional group||Establish and exercise risk management processes that are in compliance with the operation procedures of each functional unit.|
|Internal auditing function||Provide independent auditing service to ensure risk management procedures are enforced.|