Risk Management Organizational Structure
The Board of Directors serves as the highest authority in the company's risk management organizational structure. Its responsibilities include ensuring regulatory compliance, promoting and implementing comprehensive risk management, identifying operational risks, ensuring risk control effectiveness, and assuming ultimate responsibility.
The Board of Directors supervises the Risk Management Group, which is led by the most senior manager of the Management Department. Managers from other departments serve as core members and actively identify and manage risks throughout the company's operations. The Risk Management Group conducts quantitative analysis of business risks to assist in formulating risk management policies and response strategies, which are then submitted to the Board of Directors. A risk management report is presented to the Audit Committee and the Board at least once a year.
Each manager of the functional unit is responsible for risk management within their respective operations. This includes regularly analyzing and monitoring relevant risks, and ensuring the effective implementation of risk control mechanisms and procedures.
On November 26, 2024, BES held a risk management meeting and identified 30 high-risk issues, along with ongoing mitigation measures. These were reported to the Audit Committee on December 24, 2024, and to the Board of Directors on December 26, 2024, to ensure thorough implementation.
Risk Management Process
Risk management at BES involves the following steps: risk identification, risk measurement, risk monitoring, and risk response. The company's risk management process includes identifying risk issues, analyzing risks, assessing risks, responding to risks, and preparing risk reports and disclosures.
BES identifies risks across three dimensions—economic, environmental, and social—while also factoring in the company's size, industry and business characteristics, operational activities, and overall sustainability strategy. These assessments are categorized according to the following risk types.
Risk Matrix
Based on the identified risk issues, BES analyzes and assesses the likelihood (low, medium, high) and severity (minor to very severe) of their impact. According to the quantitative results, a risk matrix is developed, and high-risk issues (indicated in red in the diagram) are identified. Appropriate response measures are then implemented to mitigate potential losses resulting from these risks.
Risk Management Organizational Structure
The Board of Directors serves as the highest authority in the company's risk management organizational structure. Its responsibilities include ensuring regulatory compliance, promoting and implementing comprehensive risk management, identifying operational risks, ensuring risk control effectiveness, and assuming ultimate responsibility.
The Board of Directors supervises the Risk Management Group, which is led by the most senior manager of the Management Department. Managers from other departments serve as core members and actively identify and manage risks throughout the company's operations. The Risk Management Group conducts quantitative analysis of business risks to assist in formulating risk management policies and response strategies, which are then submitted to the Board of Directors. A risk management report is presented to the Audit Committee and the Board at least once a year.
Each manager of the functional unit is responsible for risk management within their respective operations. This includes regularly analyzing and monitoring relevant risks, and ensuring the effective implementation of risk control mechanisms and procedures.
On November 26, 2024, BES held a risk management meeting and identified 30 high-risk issues, along with ongoing mitigation measures. These were reported to the Audit Committee on December 24, 2024, and to the Board of Directors on December 26, 2024, to ensure thorough implementation.
Risk Management Process
Risk management at BES involves the following steps: risk identification, risk measurement, risk monitoring, and risk response. The company's risk management process includes identifying risk issues, analyzing risks, assessing risks, responding to risks, and preparing risk reports and disclosures.
BES identifies risks across three dimensions—economic, environmental, and social—while also factoring in the company's size, industry and business characteristics, operational activities, and overall sustainability strategy. These assessments are categorized according to the following risk types.
Risk Matrix
Based on the identified risk issues, BES analyzes and assesses the likelihood (low, medium, high) and severity (minor to very severe) of their impact. According to the quantitative results, a risk matrix is developed, and high-risk issues (indicated in red in the diagram) are identified. Appropriate response measures are then implemented to mitigate potential losses resulting from these risks.