Enterprise Risk Management

PERC recognizes that risk management is an integral part of sound management practice and good corporate governance as it guides decision-making, improves results, and strengthens accountability. PERC acknowledges that risk is dynamic and is inherent in all external and internal operations, and engages itself to managing all risks effectively.

To accomplish this, the Company established a sound risk management practice, which provides a systematic and structured framework within which material risks may be identified and addressed in a way that:

Gives reasonable assurance that the use of the valuable organizational resources is being effectively prioritized, and
Results to practical, effective, and accountable actions and decisions, reasonable in relation to the conditions within which the Company operates.

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