1. Identification of risks
The Committee recommends that the Board of Directors and the Executive Board, when formulating the company’s strategy and overall goals, identify the greatest business risks involved in achieving such strategy and goals.
2. Plan for risk management
The Committee recommends that the Executive Board prepares a plan for the company’s risk management on the basis of the risks identified and submits this plan to the Board of Directors for approval, and that the Executive Board regularly reports to the Board of Directors to allow the latter to systematically follow the trends in significant risk areas.
3. Openness regarding risk management
The Committee recommends that the company’s annual report includes information about the company’s risk management activities.