Risk Management

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The contingency plan is built to identify, manage, and to monitor the risk in order to set a feasible controlling mechanism with recoverable system. By doing this, company is able to manage the foreseeable risks and to setup needed procedures to prevent risks from happening or manage risks in the future and thus to accomplish the business goals and increase the shareholder liabilities.

 

The contingency plan aims at various risks faced by sales/marketing, production, human resources planning, new product development, and financial issues. The plan not only contains the standard operation procedures but also proactively include the sensitive analyzed methods to monitor, evaluate, and to control the possible damages. The backup plan used for information system that deals with unexpected urgencies can be regarded as one of the tools that enhances the capabilities for pre-alert warning.

 

The contingency organization headed by the President of the company will be responsible for the risk management planning and promoting. The actual operation for counteractions once unexpected issues happened will be exercised by relative responsible units.

 

 


Administration Center Administration Center is responsible for setting up relative contingency procedures for the following issues :
  1. Allocation of human resources and the replacement of key personnel turnover
  2. Financial risk assessment
  3. Insurance planning and execution
  4. Overall infrastructure planning
  5. ESH (environment, safety, and healthy) procedure planning and maintaining
  6. Management rules setting and reviewing
  7. Press release and public relationship maintaining
RD/PE Center The research developing and process engineering center is responsible for setting up relative contingency procedures for the following issues :
  1. Platform setting for RD & PE
  2. Risk assessment for new products development
  3. Schedule controlling of new product/new procedure development
Sales/Marketing Center The sales/marketing center is responsible for setting up relative contingency procedures for the following issues :
  1. Market information collecting and data-mining
  2. Coordination of sales request and production arrangement
  3. Customer relationship establishing and maintaining
  4. Account receivables collecting and ensuring
Manufacturing Center The manufacturing center is responsible for setting up relative contingency procedures for the following issues :
  1. Master production schedule management
  2. Contingency plan for unexpected sales fluctuation
  3. Production arrangement with available human resources
  4. Contingency plan for environmental safety issues
Supply Chain Management Center The supply chain management center is responsible for setting up relative contingency procedures for the following issues :
  1. Vendor sourcing
  2. Material sourcing
  3. Equipment sourcing
  4. Electricity and water consumption planning
Quality Center The Quality center is responsible for setting up relative contingency procedures for the following issues :
  1. Document controlling policies
  2. Defective products and quality control
  3. Product assurance and testing
Auditing Office The auditing office is responsible for setting up relative contingency procedures for the following issues :
  1. Auditing procedures setting for problematic issues
  2. Ensuring the risk management procedures are deployed properly
  3. Reporting the auditing results

Procedures listed above contain only limited information of our Business Disaster Recovery Plan (BDRP). For further reference, please refer to the latest version of BDRP available both in English and Chinese.

Plan Introduction
Business Impact Analysis
Recovery Strategy
Data Backup Strategy
Disaster Recovery Organization
Disaster Recovery Emergency Procedures
Plan Administration