Page 58 - CCL AR 2017 Final
P. 58
Risks and Opportunities
The Board of Cherat Cement is principally committed to comprising clear structures, authority limits and
minimize all possible risks and identification and accountabilities, well implemented policies and
utilization of potential events that may affect the procedures and budgeting for review processes.
Company. This principle keeps the Company within its
risk appetite and helps to achieve its corporate objectives. The Board of Director’s of the Company establishes
corporate strategy and business objectives. Moreover, the
RISKS Board’s Audit Committee is responsible for Internal
As with any business scenario, the Company is susceptible Controls in the Company. The Internal and External
to various risks; however, through comprehensive planning Auditors’ reports are submitted to the Audit Committee for
and an acute business understanding of the management, its review, which after detailed deliberations and with
the Company continues to identify and mitigate risks. The improvement suggestions are submitted to the Board of
Company maintains an established control framework Directors.
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Cherat Cement
Company Limited
