Corporate Governance

Enterprise Risk Management

To maintain its high standards of corporate governance, First Gen continues to implement its Enterprise Risk Management (ERM) system across all departments and all levels of the organization and in every phase of First Gen’s business activities.

The objective of the ERM system is to establish a corporate risk management system that provides the Board of directors, management and all employees with a clear roadmap for identifying risks, avoiding pitfalls, and seizing opportunities to grow stakeholder value.

With the ERM system, risk management in the First Gen group would evolve from being individual-based to a system that is more reliant on formal and well-defined policies, processes, and standards implemented on an enterprise-wide basis.