In terms of the risk management organizational system, the Board of Directors is the highest authority for the company's risk management. Its goal is to comply with regulations, promote and implement overall risk management for the company, clearly understand the risks faced in operations, ensure the effectiveness of risk management, and bear the ultimate responsibility for risk management. Under the Board of Directors, there is a Risk Management Committee led by the highest executive of the management department, with department heads as key members. The Risk Management Committee is the unit responsible for executing risk management and regularly reports its management results to the Audit Committee and the Board of Directors.
The Risk Management Committee follows the existing management organizational system and internal control system to proactively address and manage risks considered in the operational process in the most costeffective
manner. It requires supervisors of each functional unit within the company to bear risk management responsibilities, analyze and monitor related risks within their respective units, and ensure that risk control mechanisms and procedures are effectively implemented.
Risk management at BES involves the following steps: risk identification, risk measurement, risk monitoring, The risks in the construction industry are significantly higher than those in other industries, with businesses often facing various uncertainties in their operations. To prevent losses caused by these risks, BES has established comprehensive risk management policies and procedures that address economic, environmental, social, and climate change factors. Depending on the level of crisis, BES promptly convenes emergency response meetings in accordance with the risk management process to formulate corresponding strategies and plans. These measures effectively address and review risk incidents, prevent recurrence of issues, and mitigate potential impacts on the company.
In terms of the risk management organizational system, the Board of Directors is the highest authority for the company's risk management. Its goal is to comply with regulations, promote and implement overall risk management for the company, clearly understand the risks faced in operations, ensure the effectiveness of risk management, and bear the ultimate responsibility for risk management. Under the Board of Directors, there is a Risk Management Committee led by the highest executive of the management department, with department heads as key members. The Risk Management Committee is the unit responsible for executing risk management and regularly reports its management results to the Audit Committee and the Board of Directors.
The Risk Management Committee follows the existing management organizational system and internal control system to proactively address and manage risks considered in the operational process in the most costeffective
manner. It requires supervisors of each functional unit within the company to bear risk management responsibilities, analyze and monitor related risks within their respective units, and ensure that risk control mechanisms and procedures are effectively implemented.
Risk management at BES involves the following steps: risk identification, risk measurement, risk monitoring, The risks in the construction industry are significantly higher than those in other industries, with businesses often facing various uncertainties in their operations. To prevent losses caused by these risks, BES has established comprehensive risk management policies and procedures that address economic, environmental, social, and climate change factors. Depending on the level of crisis, BES promptly convenes emergency response meetings in accordance with the risk management process to formulate corresponding strategies and plans. These measures effectively address and review risk incidents, prevent recurrence of issues, and mitigate potential impacts on the company.