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We consider risk governance to be among our Group’s top priorities and have established a robust system of risk management and internal control. This contributes to our future success and helps to increase our value to key stakeholders over the long term.
Our risk management process covers all business units in the organisation and concerns all our employees. As an ongoing process, risk management has become an intrinsic aspect of our day-to-day operations and is embedded in the Group’s culture. The Board of Directors of Towngas (The Board) has the overall responsibility to oversee risk management and evaluate and determine the nature and extent of the risks it is willing to take in a manner consistent with its strategic business drivers. To ensure effective risk reporting channels, the Risk Management Committee recommends the Group’s risks and corresponding controls to the Executive Risk Management Committee, assisting it in reporting to the Board for final approval.
For more details, please refer to our Risk Management Framework.
