Risk Management
With risk management being the key to an enterprise’s operations, Microbio incorporates the spirit of risk management into the operation strategy. The Board of Directors resolved and approved the “Risk Management Policy and Procedures”. As the highest unit of risk management policy, the Board of directors is responsible for approving, reviewing and monitoring the Company’s risk management policy to ensure the effectiveness of risk management. The Audit Committee routinely listens to the reports given by the risk management team and monitors the implementation of risk management of the Company and its major subsidiaries. Currently, in addition to compliance with regulatory compliance, market competition, drug/healthcare product/food safety, intellectual property protection, and cyber security risks, Microbio incorporates climate change and environmental protection issues into its risk management framework related to sustainable business operations. This integration aims to enhance risk control measures, ensuring the achievement of sustainability goals.