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Risk Management
As part of Baker Tech’s commitment to deliver sustainable value to stakeholders, the Group recognises
the importance of identifying and addressing key risks. The Group therefore has in place an enterprise risk
management framework to effectively mitigate and minimise significant exposures to industry-related,
financial and operational risks in order to safeguard stakeholders’ interests, the Group’s assets and to deliver
sustainable value to shareholders.
Industry-related Risks
Adopts strategic objectives to
mitigate operational risks by
cautiously reducing our cost
base and curtail discretionary
expenditure.
The framework and its
implementation actions are
regularly assessed and evaluated
by the Board to ensure the
Group’s strategic objectives and
consistency and risk appetite
are aligned.
Operational Risk
Cultivate safe working mind
sets, habits and raise awareness
of the OHSAS 18001 certified
in-house safety procedures
and policies, regular trainings,
toolbox and safety meetings,
safety promotions as well as
site walkabouts are carried
out and constantly reviewed
and improved by the safety
committee.
All operational employees of the
Group undergo internal safety
briefings, external competency
training, orientation programmes
and fire evacuation drills to
ensure preparedness and
cooperation during emergencies.
A business continuity plan and
response measures to address
any disruption of business
operations. Alternative sites are
also made available to minimise
downtime.
Financial Risks
The Group’s strategy and
finances are reviewed regularly
to assure continued liquidity
while exploring new market
opportunities for growth.
Adopts and practice a policy that
collects payment before delivery
or an up-front collection of non-
refundable deposits, while closely
reviewing outstanding debts
and debtors in order to ensure
financial discipline.
Foreign currency fluctuations
risks are either hedged naturally
by a sale or purchase of a
matching asset or liability of
the same currency and amount
or, where possible, the Group
undertakes spot conversion of
excess foreign currencies to
Singapore dollar.
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