Risk Management

NTC Board of Directors is the highest decision-making and supervisory unit for risk management. It is responsible for approving the Company's risk management policies and related procedures, overseeing the implementation of various risk management systems, and ensuring the effective operation of these mechanisms to achieve the Company's risk management objectives.

In August 2022, the Company established the Sustainable Development Committee under the Board of Directors. The Committee consists of seven directors, including four independent directors. The members jointly appointed the President as the convener, and the Committee operates in accordance with its Organizational Charter. The Committee's responsibilities include reviewing the Company's risk management policies, strategies, and management guidelines, as well as overseeing the implementation and effectiveness of the Company's risk management initiatives.

The Company's Risk Management Steering Center, headed by the Executive Vice President and composed of department heads by function, is responsible for promoting and overseeing the work of various risk management groups and for the overall control of enterprise risks. These risk management groups are structured in alignment with the Company's business strategies and cover key areas such as industry and operations, finance, information security, hazard management, and legal affairs. In addition to assisting business and management departments in collecting internal and external risk information and conducting routine risk monitoring, each group continuously tracks and assesses risk factors, evaluates their levels, implements improvement measures, and reports the results of risk management execution to the Steering Center.

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CSO (Chief Sustainability Officer)