Based on ethical corporate management, we actively promote and implement the risk management mechanism to ensure steady operations and sustainable development and lower potential operational risk. In 2020, the Board approved the establishment of the “Risk Management Policy and SOP”, Accordingly, the President’s Office shall supervise the operations and performance of each risk management unit, periodically assess risk every year, define different types of risk according to USI’s overall business policy, establish a risk management mechanism for the early identification, accurate measurement, effective supervision, and strict control of risks to prevent potential risks within the bearable range. The President’s Office should also keep track on the development of the risk management system at home and abroad to review and improve this policy and optimize the risk management method through continual adjustment, in order to enhance USI’s risk management effectiveness to protect the interests of USI, employees, shareholders, and stakeholders.
The President’s Office shall report the risk management performance of the year to the Audit Committee and the Board at least once a year and disclose related information in the annual report and on the corporate website.
Please refer to the Risk Management Policy and SOP
for details.