27 The Board of Directors, monitor and review the strategic risk management plans of the company as a whole. They set the overall tone for a risk minimization culture through defined and communicated corporate values, clearly assigned risk mitigation responsibilities and appropriately delegated authority. A strong and independent Internal Audit function at the corporate level carries out risk focused audits across all businesses, enabling identification of areas where risk management processes may need to be strengthened. The Audit Committee of the Board reviews Internal Audit findings and provides strategic guidance on internal controls. Foreign Currency and Interest Rate Exposures Use derivative financial instruments or other hedging techniques to cover potential exposure. Restrictions in Securing Credit Facilities Finance team monitor and ensure covenants and conditions laid down in the financing agreements are met. Protecting Intellectual Property Rights (IPR) Compliance with IPR of third parties, operate without infringing upon the proprietary rights of others. Information Technology (IT) IT security framework to guard assets, continuous monitoring to assess critical impacts. Acquire, Retain Talent for Business Continuity Strategic talent and succession management, skill gap analysis and capability development activities. Customer Supply Disruption Active monitoring and mitigation of concerns to ensure customer satisfaction. Raw Material Supply Interruptions Develop alternative suppliers on an ongoing basis. Health, Safety and Environment (HSE) Proactively engage with regulatory authorities, HSE team monitor & address HSE hazards through periodic safety audits and training programs.
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