The Company has implemented risk management in
accordance with the policy defined by the Parent Company (Corporate Risk
Management Policies/ Enterprise Risk Management Policy No. RWA-PL-ERM-03
applied since October 1, 2012). Reflected in the policy, the formation of the
structure of the organization that manages the risk management and its application.
Company has a risk management policy framework
that already describe the stages of implementation of risk management, risk
reporting and handling, approved by the President Director of the Company on
October 1, 2012.
The company also has a function in charge of
implementing a risk management program, known as Risk Management Unit (RMU)/ RMU Coordinator
appointed by the Board of Directors and be part of the
Holding Company Risk Management committee (RMC) No.RWA-PL-ERM-01 valid from May
1, 2012, and revision on its membership on May 1, 2013).
Company’s risk management process proceeds
through the following stages:
Risk identification, internal or
Continuous and timely analysis and
evaluation to set priorities;
The implementation of risk mitigation
strategies on an ongoing basis;
Involving and notifying all the
relevant stakeholders; and
Recording risk development and changes to be