Risk is an unexpected event, measured in terms of likelihood and consequences, that may adversely affect Winbond’s operations or the achievement of Winbond’s objectives.

Winbond’s Risk Management Policy Includes:

• Winbond’s commitment to applying risk management practices throughout the organisation;
• Winbond’s objectives in managing corporate risks;
• Winbond’s commitment to world best practice and continuous improvement
  
  

To Achieve This Winbond Will:

• Allocate adequate resources,
• Coordinate risk management initiatives;
• Establish and implement standard procedures;
• Monitor and review periodically risk management procedures and make appropriate modifications;
• Enhance the risk management culture at all levels of Winbond;
• Effectively communicate with stakeholders internally and externally, including the board;
• Comply with all relevant regulations

This policy will be reviewed and revised by management periodically