To strengthen corporate governance and implement sustainable management, Bora Pharmaceuticals identified corporate-level risk categories based on the perspectives and scenarios of each department, and assessed the financial impacts, reputational impacts, policies, litigation risks, and technological substitutability of these risks and their significance for corporate operations.
Risk Management Policies
Bora Pharmaceuticals ensures that management guidelines (including existing standard operating procedures and business continuity plans) have been established for identified risks and confirms that adequate response measures are in place. Inadequacies are supplemented by our emergency response team and the commander in chief is responsible for deploying resources and ensuring appropriate distribution of resources during emergencies for minimization of personnel injuries and property losses.
Collaboration with External Units
To maintain sound interactions and relationships with external units, as well as management of possible information security impacts on our operations, we actively communicated with external stakeholders, collaborated with external institutes to obtain corporate information security information, and shared our business experiences so that our internal and external stakeholders could enhance their expertise while maintain interactions with the Company. Relevant associations and activities are listed in the table.