With social development and technical advancements, we are faced with environmental and climate change, market opening and frequent cyberattacks, presenting increased changes and fluctuations in the operating environment and increasedoperating risks. Therefore, it is crucial for enterprises to understand the necessity and urgency of risk management.
When conducting operational impact analysis and risk identification, ChipMOS's identification factors include: frequency, materiality (for instance, level of impact on finance, operations, and reputation), and level of control. By quantitatively assessing the priority and level of risk in defined risk management, we can cover different types of environmental, financial and governance risks, and to adopt corresponding risk management strategies based on their respective levels of risk.
Scope of Risk Management
The scope of the ChipMOS's risk management covers various risks faced in the process of operating activities, including operational risks, climate change risks, information security risks, financial risks, supply chain risks, and legal compliance risks.
Risk Management Organization Functions
The Implementation of Risk Management
On August 4, 2022 the Risk Management Team briefed to the Board of Directors on the ever-changing risk environment facing ChipMOS, the focus of the Company's enterprise risk management, risk assessment and risk mitigation actions to be taken.
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