To ensure the integrity of the risk management system, implement the checks and balances mechanism of risk management and improve the labor division efficiency of risk management, the risk management policy has been formulated and a complete organizational structure of risk management has been established.
Organizational structure of risk management
Risk Management Process
To reach the annual business targets, effective risk management systems for the type of risks faced have been set up, stipulating various management measures and risk measurement indicators. In addition, reports of risk control and management status are regularly compiled and submitted to the Risk Management Committee every 2 months and to the board of directors every 6 months.
2022 Chunghwa Post Annual Report
Emergency Response and Disaster Recovery Plan
To cope with impacts of various risks on the operation, Chunghwa Post has established different emergency response and disaster recovery plans.
Emergency Response and Disaster Recovery Plan of Chunghwa Post
Internal Audit System
The Audit Department has appointed qualified and appropriate number of dedicated internal auditors based on business needs in accordance with relevant laws and regulations, and the Company has set up an auditor general that is appointed by the board of directors to be in charge of the auditing work and make regular reports to the board of directors and supervisors. The Audit Department and the director of the Audit Department supervised by the auditor general under the board of directors have been established to manage the audit business of the Company. Detached, independent, objective and impartial perspective and suggestions are given when appropriate to ensure the effective implementation of the internal control system and also serve as a basis for improvement. The inspection feedback listed by external inspecting units such as the FSC, Central Bank and CPAs were reported to the board of directors and tracking will continue until improvement is completely made.