Enterprise Risk Management and Risk Reporting
Clariant expects all members of the Executive Committee and Heads of Business Units and Group Services to evaluate the risks and opportunities within their area of responsibility. The Heads concerned and their direct reports are responsible for recognizing risks and implementing measures to minimize them. Risks and measures are reviewed at least twice per year.
The effectiveness of the Enterprise Risk Management process, its developments as well as results of the mitigation measures for identified risks are reported quarterly to the CEO and the ExecutiveCommittee, which report to the full Board of Directors. There are annual reports to the Audit Committee. Significant issues or changes are reported immediately to the CEO.
More detailed information on corporate governance at Clariant can be found on our website at www.clariant.com in the “About Us” and “Investors” sections.