RISK TREATMENT PLAN RISK PRIORITYRISKEXISTING CONTROLTREAT-MENT OPTIONSPREFE-RR-ED OPTIONRESULT OF BENEFIT (OUT OF 1)RESI- DUAL RISKCONTINGENCYPERSON RESPONSIBLETIME TABLE FOR IMPLE-MENTA-TIONRISK MONITORING1.Financial riskIndependent director inboard1. Enhance decision-making process, strengthen the board with independent directors, improve reporting of effectiveness and accountability. 2. Leverage the amount of debts with creditors and banks to optimize capital structures and to introduce further funding to sustain growth in the future. 3. Review and dispose of non-core assets and unattractive commodities.2 1 3.7lowDispose of non-core assetsFinance departmentBefore inception of the projectFinance head report to board/ senior management2.Health and safety riskRegular maintenance of machines.1. Apply engineering controls such as vibration dampeners or absorptive panels. 2. Regular maintenance of machines. 3. Use of personal hearing protection amongst noise-exposed employees. 3. Replacing manned with unmanned machines such as remote-controlled conveyers. 4. Where risks cannot be avoided, supervisors should reduce the time for which the employee uses the machine each day. 5. Instruction and training are critical and shall be monitored closely. 6. Proper ventilation shall be installed. 1 3 4 6 5 2.8MediumRegular training and instructions shall be impartedProduction headBefore commencement of the projectProduction head report to senior management3.Climatic riskMinimizing emissions1Avoiding, minimizing, and offsetting emissions. 2. Assist adaptive management by understanding how energy and water supply will vary due to changing climatic conditions. 3. Secure separate finance for projects operating in an increased risk environment.2 1 3.5mediumNilSenior managementBefore commencement of the projectSenior management reports to the board4.WorkforceImparting training1. Workshops 2. Training 3. Questionaries 4. Newsletters 5. One on one meetings2 1 3 5 4.8LowNILHR teamUpon commencement of the projectTeam heads report progress to HR5.Risk of environmental groupsnone1. sustainability initiatives 2. location layout in conformity with landscape and natural habitat2 1.7MediumNo disturbance to nearby wildlifeMarketing teamBefore commencement of the projectMarketing team report to senior management6.Relations with the local communityInteraction with locals1. questionnaires 2. Create employment 3. Minimize the impact on their sacred places2 3 1.8MediumMaintain friendly relations and keep locals in confidenceHR teamUpon commencement as well as after it, continuesHR team report to senior management7.Regulatory authorities granting of approvals and the likeContinuous follow-ups1. regular follow-ups 2. Make timely payment of any statutory fees 3. Compliance with applicable laws1 3 2.8LowRegular complianceLegal teamOn a continuous basis during the project lifeSecretarial staff report to the legal team
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