Risk  Management

At Formosa Laboratories, the risk management operates by examining the risks faced by each department in their respective businesses. Unit supervisors would analyze, control and implement strategies and establish related systems, taking action in response to different risk impacts with relevant strategies. We have established a more comprehensive risk management organization this year and an effective reporting system. Later in 2023, we will establish a risk management organizational structure according to the Risk Management Policies and Procedures, and the risk management team will be formed and affiliated with the Sustainable Development Committee once approved by the Board of Directors. The risk management team's execution and achievements will be submitted in an integrated report annually to the Board of Directors.


The Organization Structure of Risk Management at Formosa Laboratories (due to be activated in 2023)


Risk Impact and Response Strategies

The risk and management operations identified by Formosa Laboratories are as follows: