Risk Management Committee
Pan Brothers also ensures good corporate governance by way of setting up and maintaining a Risk Management Committee.
The Risk Management Committee is overseen directly by the Board of Commissioners and Board of Directors in order to manage the risks of
Company. To carry out the duties of Risk Management; the Committee liaises with the Legal Division, Finance & Accounting Division,
Human Resources Division and other relevant divisions.
The Risk Management Scope of Work
As part of the Company’s commitment to effectively implement GCG, the Risk Management Committee, who is responsible to monitor
business-related risks, effectively conducts the risk management process and activities in accordance with existing regulations.
The purpose of this is to ensure equal perception and understanding of risk management across all levels of the organization and to
realize coordinated and integrated risk management so that all strategic initiatives on the ground are in line with our overall corporate
strategy.
The Risks of the Company
The Company anticipates the business risks through well maintained planning and monitoring between projection and
realization, where the Company could minimize all negative impact that might arise from the Company’s business risks.
The Company has many buyers and always adds new buyers and maintains relationships depending upon the buyer.
The company will ensure that the proportion of sales for particular buyer does not exceed 30% of the consolidated sales.
The company anticipates the impending cheaper products from other Asian countries and the possible higher import tariffs imposed by certain countries, to affect the sales. The Company would continuously monitor these new or adjusted trade restrictions that may be imposed and enhance any possible opportunities to increase competitiveness.
The company anticipates the impending cheaper products from other Asian countries and the possible higher import tariffs imposed by certain countries, to affect the sales. The Company would continuously monitor these new or adjusted trade restrictions that may be imposed and enhance any possible opportunities to increase competitiveness.
Recession in export destination countries can undermine sales. Thus the Company will minimize all production cost
and increase productivity and efficiency continuously. The Company is confident in tackling the challenges and
grabbing the opportunities through the challenges ahead.