{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"Enterprise Risk Management","text":"\u003Cp\u003ERead about Shell Pilipinas Corporation's risk management policies\u003C/p\u003E\r\n\r\n\r\n","links":[{"name":"Enterprise Risk Management","value":"https://pilipinas.shell.com.ph/corporate-governance/enterprise-risk-management.html"}],"image":{"src":"https://pilipinas.shell.com.ph/corporate-governance/enterprise-risk-management/_jcr_content/root/metadata.shellimg.jpeg/1726046242659/filling-up-form.jpeg","alt":"Shell employees meeting in the Shell office","width":23869,"height":13481}},"id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/metadata"},{"organism":"ContentOwner","model":{},"id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/contentowner"},{"organism":"Container.Header","children":[{"organism":"Container.Raw","ref":"https://pilipinas.shell.com.ph/_jcr_content/root/header/inherited.model.json","id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/header/inherited","model":{}},{"organism":"Breadcrumb","model":{"links":[{"name":"Home","value":"https://pilipinas.shell.com.ph/"},{"name":"Corporate Governance","value":"https://pilipinas.shell.com.ph/corporate-governance.html"},{"name":"Enterprise Risk Management","value":"https://pilipinas.shell.com.ph/corporate-governance/enterprise-risk-management.html"}]},"id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/header/breadcrumb"}],"id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/header","model":{}},{"organism":"Container.Main","children":[{"organism":"Container.Section","children":[{"organism":"PageHeader","model":{"title":"Enterprise Risk Management","text":"\u003Cp\u003EInformation on Shell Pilipinas Corporation's risk management policies\u003C/p\u003E\n"},"id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/main/section/page-header"},{"organism":"PromoSimple.Text","id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/main/section/text","model":{"text":"\u003Cp\u003ESPC’s Risk Management Policy explicitly states that management is responsible for implementing, operating and monitoring the system of internal control, which is designed to provide reasonable but not absolute assurance of achieving business objectives. 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Independent Assurance Providers (including External Audit, Internal Audit and CAAD)\u003C/b\u003E\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003EUndertake periodic review to assess effectiveness of the design and operation of the system of risk management and internal control or parts thereof.\u003C/li\u003E\r\n\u003Cli\u003EIn 2017, Corporate Assurance and Audit Department (CAAD) was established to provide an independent and objective assurance to the Management and Board Audit & Risk\u003C/li\u003E\r\n\u003Cli\u003ECommittee on the design and operation of SPC’s governance, internal control and risk management processes.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/main/section/list_copy/list_item_copy","model":{"title":"Risk Response Strategies & Accountabilities","text":"\u003Cp\u003ETo manage risk effectively for SPC, every Business and Function is required to:\u003C/p\u003E\r\n\u003Col\u003E\r\n\u003Cli\u003EReview the environment\u003C/li\u003E\r\n\u003Cli\u003EState clear objectives\u003C/li\u003E\r\n\u003Cli\u003EIdentify risks to the achievement of those objectives\u003C/li\u003E\r\n\u003Cli\u003EAssess the impact and likelihood of the risks materialising\u003C/li\u003E\r\n\u003C/ol\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/main/section/list_copy/list_item_copy_675647398","model":{"title":"Accountabilities for Risks","text":"\u003Cp\u003EMarket/Operational/Business risks are mostly the accountabilities of business/line managers. Corporate risks such as Foreign Exchanges risks, Interest Rate risks, and Liquidity risks, among others, are under the responsibility of the Corporate Finance Department in coordination with business and function managers.\u003C/p\u003E\r\n"}}],"id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/main/section/list_copy","model":{}},{"organism":"Container","id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/main/section/experience_fragment","model":{}}],"id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/main/section","model":{}}],"id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/main","model":{}},{"organism":"Container.Footer","children":[{"organism":"Breadcrumb.Large","model":{"links":[{"name":"Home","value":"https://pilipinas.shell.com.ph/"},{"name":"Corporate Governance","value":"https://pilipinas.shell.com.ph/corporate-governance.html"},{"name":"Enterprise Risk Management","value":"https://pilipinas.shell.com.ph/corporate-governance/enterprise-risk-management.html"}]},"id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/footer/breadcrumb"},{"organism":"Container.Raw","ref":"https://pilipinas.shell.com.ph/_jcr_content/root/footer/inherited.model.json","id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/footer/inherited","model":{}}],"id":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management/jcr_content/root/footer","model":{}}],"id":"/conf/shell/settings/wcm/templates/base/structure/jcr_content/root","model":{}}],"model":{"title":"Enterprise Risk Management","text":"Information on Pilipinas Shell's risk management policies","links":[{"name":"canonical","value":"https://pilipinas.shell.com.ph/corporate-governance/enterprise-risk-management.html"},{"name":"errorUrl","value":"https://pilipinas.shell.com.ph/error.html"},{"name":"hierarchy","value":"en_ph/corporate-governance/enterprise-risk-management"},{"name":"homeTitle","value":"Shell Pilipinas Corporation"},{"name":"homeUrl","value":"https://pilipinas.shell.com.ph/"},{"name":"locale","value":"en-PH"},{"name":"title","value":"Enterprise Risk Management | Shell Pilipinas Corporation"},{"name":"textDirection","value":"ltr"},{"name":"template","value":"base"},{"name":"contentPath","value":"/content/shell/business/shellpilipinas/en_ph/corporate-governance/enterprise-risk-management"},{"name":"externalDisclaimerText","value":"Shell plc Legal Disclaimer\r\n\r\nYou are now leaving the Shell global website.\r\nThe link you have selected will direct you to a website that is not controlled by Shell plc or any member of the Shell Group. Accordingly, neither Shell plc nor any member of the Shell Group endorses, adopts, certifies or otherwise validates the information and material contained on the linked website. 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