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At Sembcorp, our Enterprise Risk Management (ERM) philosophy is based on the need to optimise our balance of risk and return, in accordance with our commitment to deliver sustainable value.
Our ERM framework embeds risk management into key business processes. This provides an integrated, systematic approach to identifying, evaluating, controlling and reporting risks. Implementation is overseen and driven by board-accountable ERM oversight structures that are in place at all appropriate levels.
Our ERM framework features: |
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A comprehensive risk oversight framework, steered by a Board Risk Committee, a Management Risk Review Committee and Chief Risk Officers |
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An integrated, systematic approach to identifying, evaluating, controlling and reporting risks |
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Regular reviews by external and internal auditors of the effectiveness of material internal controls. These include financial, operational, compliance controls and risk management systems and processes |
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Monitoring of risk exposure, risk management policies and practices in view of the changing operating environment of our businesses |
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| As we continue strengthening our ERM framework, our aim is to create a strong risk management culture which safeguards the value of our businesses. |
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