Corporate Governance
Risk Management
We care deeply about the way we live and work as well as the impact we have with our clients and the world.
Effective risk management focuses on the possibility of losses due to the occurrence of anticipated or unanticipated situations. At Gaman, we adhere to the following set of principles to address forthcoming change to business and the environment, which impacts the delivery of strategic objectives as they emerge.
Primary Objectives
Gaman strives to identify, evaluate, and prioritize risks by allocating necessary resources to minimize, monitor, and control the probability or impact of unfortunate events. To ensure we achieve our goals of risk management, we establish the following three articles:
Article 1. Stabilize Performance We aim to minimize discrepancies between our project plans and actual results to achieve secure, stable profits.
Article 2. Strengthen Financial Base We continually improve our asset efficiency to establish a financial base that’s resilient to change and risk.
Article 3. Maintain Corporate Reputation We prioritize the fulfillment of all requirements to preserve the reputation of our company, stakeholders, and business relations.
Risk Management Procedures
Risk is an inevitable component of doing business. We study and deploy advanced methods and processes that effectively manage risk while anticipating changes to the external environment.
The following outlines our risk management procedures related to the execution of Gaman’s strategy and operations:
- Establish strategic, operational, reporting, and compliance objectives for all projects, business activities, and business levels.
- Identify and assess risks that affect the achievement of objectives following the risk framework.
- Define risk management activities for key risks that are identified.
- Deploy risk management activities accordingly (e.g., asset allocation, control of activities, insuring, etc.)
- Establish strategic, operational, reporting, and compliance objectives for all projects, business activities, and business levels.
- Identify and assess risks that affect the achievement of objectives following the risk framework.
- Define risk management activities for key risks that are identified.
- Deploy risk management activities accordingly (e.g., asset allocation, control of activities, insuring, etc.)
Risk Management Framework
Gaman aims to maintain risk-weighted assets in relation to maximize risk-adjusted returns. The following risk management framework outlines how we monitor important projects:
Risks in Commerical Activities
Credit Risks
Market Risks
Fluctuations in commodity prices, interest rates, and foreign exchange rates.
Risk in Investment Activities
Investment Risks
Fluctuations in profit
Country risks, political risks, environmental risks, operational risk, legal, tax risks, labor risks, IT risks, disaster risks, etc.
Concentration Risks
Control and monitor risk exposure to each country and region.
Monitor, manage, and control exposure of IT related projects to potential security risks.
Always Implementing Best Practices
Due to constant changes to the business environment, we prioritize the implementation of best practices in risk management. We use an adaptive approach to remain flexible while quickly adopting new business models that emerge to address our immediate needs.
Corporate Governance
Governance
We openly share our principles, systems, and characteristics to do good across all business activities.
Internal Control
We make accountability a priority to ensure long-term trust with our stakeholders and global partners.
