Risk Strategy

The Risk Management Policy of Everlight Electronics is the process of identifying risks, evaluating risks, and selecting managing techniques to adapt to such risk exposures. 

The purpose of Risk Management is to safeguard the assets of the company by managing or minimizing the losses resulting from natural disasters, computer failures, workplace accidents, fraud, fire, or other occurrences. 
 

 The summary of main management policy is as below:

1.

Risk identification and evaluation
The first step in risk management is identifying where losses, damages, and/or accidents can occur in the workplace and/or by the Company.  The next step is evaluating the materiality of any potential losses.

 

2.

Loss prevention
This step includes establishing and implementing the necessary policies and procedures to reduce or eliminate losses, damages, or accidents.

 

3.

Risk Management policies and procedures
With the assistance of the appropriate employees, the risk management policies and procedures are determined and documented.  Feedback and recommendations are encouraged from all employees.

 

4.

Communication
Risk management policies and procedures are distributed and/or communicated to all employees through handbooks, SOPs, company policies, and company management.  Such communication focuses on prevention and the procedure necessary in the case of accidents, natural disasters, fire, and other occurrences.  Also communicated are the steps necessary to minimize losses or damages and for recovery.

 

5. Ongoing Risk Management
It is management’s policy to continuously improve its risk management policies and procedures by establishing a system of monitoring existing risk exposures and identifying new risk exposures as they develop.