This site uses cookies to store information on your computer. Learn more x

Risk Management  

At DSM, clear structures and transparent business practices are what risk management is about. The goal is the maximum integration of DSM’s risk management system in the normal business processes. The purpose of the risk management system is to:
  • Systematically identify/assess/mitigate the risks (strategic/financial /operational /reputational) which are related to the company’s short and longer term objectives;
  • monitor and ensure the company’s reporting is reliable;
  • monitor and ensure the company complies with its Core Value and all relevant laws and regulations.

Risk Management Organization

澳客网比分直播手机版 www.2v4ox.com.cn The Managing Board is responsible for risk management in the company and, supported by the Corporate Risk Office, has designed and implemented a risk management system and a risk management organization. The system and the organization are documented in the DSM risk management policy, the DSM Code of Business Conduct, DSM policies in several functional areas and the DSM Corporate Requirements and Directives. The aim of the system is to ensure that the extent to which the company’s strategic and operational objectives are being achieved is understood, that the company’s reporting is reliable and that the company complies with relevant laws and regulations.

Figure 1: DSM’s overall governance structure

Risk Management System

The DSM risk management system is based on the COSO-ERM framework. It has been designed to achieve maximum integration of the risk management process in the normal business processes. It provides for risk assessment tools, controls for risks that commonly occur in the company and monitoring and reporting procedures and systems. The internal controls for the goods and money flows have been ‘built into’ business processes, and tools have been developed to support their implementation and to monitor their effectiveness in operation. In this way, a high level of internal control is achieved efficiently.

Risk management as part of the governance structure

DSM’s overall governance structure is depicted in Figure 1 (above), showing the main governance levels and the most important governance elements and regulations at each level. For DSM, as a company listed on the Amsterdam stock exchange, the primary references for good corporate governance are Dutch law and the Dutch Corporate Governance Code 2008 and its 2016 update (applicable from 2017).

Note: All internal regulations apply in addition to applicable national and international laws and regulations. In cases where internal regulations are incompatible with national or international laws and regulations, the latter prevail.

Risk management starting points

The functioning of the system in 2018

Full details of the  functioning of the system in 2018 can be found in the Integrated Annual Report 2018.

  • 【加拿大房产网加拿大新房加拿大房产信息网】 2019-06-16
  • 探访玉麦守边人(新时代·面孔) 2019-06-16
  • 国家社科基金专刊第162期(2018.06.13) 2019-06-16
  • [大笑]精神心理科医生在等你…… 2019-06-15
  • 坚决改全面改彻底改立即改!林彬杨到这两个地方现场督导环保督察反馈问题整改工作 2019-06-15
  • 女性之声——全国妇联 2019-06-14
  • 天天吹世界第二被人当对手与俄走的近意识形态不同都是原因 2019-06-14
  • 西甲捍卫金球尊严 C罗浴血梅开二度(超级比赛周) 2019-06-14
  • 面膜市场增长愈显 假货泛滥成为隐患待解决 2019-06-14
  • 济南玉符河湿地上 白鹭栖息怡然自得 2019-06-13
  • 儿媳妇靠这一招征服百亿准公公 2019-06-13
  • 教师为上海地铁绘公交补丁 最牛换乘地图被赞实用 2019-06-12
  • 西部网(陕西新闻网)www.cnwest.com 2019-06-12
  • 杜建群的专栏作者中国国家地理网 2019-06-12
  • 粤港澳大湾区如何打通金融脉络? 2019-06-12
  • 661| 949| 374| 919| 249| 856| 873| 934| 311| 868|