The Board of Directors of the Company has the responsibility of identifying key risk areas, and monitoring the same with due diligence. The Audit Committee performs oversight financial management functions relating to, among others, risks of the Corporation.
The Company constantly monitors the market to detect risk exposures and react to the external environment appropriately. The Company has its system of financial prudence and corporate governance in place that provides the foundation for its risk management policies and initiatives.
The top management ensures proper implementation of risk management policies in case of the occurrence of risks. The Company is in constant consultation and coordination with the relevant government agencies and other approving bodies to ensure that all requirements, permits and approvals are anticipated and obtained in a timely manner. Further, the Company maintains a strong compliance culture and has processes in place in order to manage adherence to laws and regulations. In the event that the Company becomes involved in future litigation or other proceedings or be held responsible in any future litigation or proceedings, the Company endeavors to amicably settle the legal proceedings and in the event of any adverse ruling or decision, diligently exhaust all legal remedies available to it.
With its risk management policies and business strategies in place, including the continued adoption of efficiency programs and systems, expansion of toll road portfolio and sustained strong financial position that will maximize shareholder value, the Company can withstand any future major downturns in its operations brought about by domestic and international developments.