INTERNAL CONTROL AND RISK MANAGEMENT MEASURES Sample Clauses

INTERNAL CONTROL AND RISK MANAGEMENT MEASURES. In addition to compliance with the requirements on annual review by external auditors and independent non-executive Directors under the Listing Rules in respect of the Group’s continuing connected transactions, the Company has set up the Supervision and Audit Department and the Securities and Legal Department in charge of internal control and risk management to perform internal review and control over the continuing connected transactions of the Company, including reviewing contracts signed between the Company and connected persons, supervising the performance of procedures prior to signing of contracts as well as the fulfilment of transactions thereunder, regularly inspecting specific terms of the Company’s transactions with connected persons and comparing with the terms of the same type transactions of the Company entered into with non-connected persons, to ensure that the pricing and other contract terms for the Group’s continuing connected transactions are on normal commercial terms, fair and reasonable and in the interests of the Company and the Shareholders and that the continuing connected transactions are conducted as agreed in the contracts and in compliance with the laws and regulations. The Supervisory Committee of the Company operates independently of the Board and performs supervisory duties over the Board, senior management and the Company. It conducts annual review over the Group’s connected transactions and expresses its opinions in the annual Supervisors’ Report regarding whether such connected transactions would damage the interests of the Shareholders and the Company. The Audit and Corporate Governance Committee of the Company holds interim and annual meetings with its external auditors to, among other things, review and discuss the Group’s connected transactions and make recommendations and provide advices to the Company in respect of matters discovered. To ensure the continuing connected transactions do not exceed the annual caps, the relevant business departments of the Company and its subsidiary shall fill in and submit a monthly statistical chart for continuing connected transactions to the Securities and Legal Department and the Financial Department for summary, analysis and follow-up. In the event that the amount of the continuing connected transactions incurred and to be incurred for a financial year is expected to possibly reach the annual caps, the Securities and Legal Department will follow up forthwith by reporting and propos...
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INTERNAL CONTROL AND RISK MANAGEMENT MEASURES. In order to safeguard the interests of the Shareholders, the Group will continue to adopt, and/or will continue to procure Minmetals Finance to maintain, the following guidelines and principles in monitoring the transactions between the Company and its subsidiaries in Mainland China and Minmetals Finance under the 2018 Agreement:
Sample 1
INTERNAL CONTROL AND RISK MANAGEMENT MEASURES. The following internal control and risk management measures have been implemented in order to ensure and safeguard that the transactions contemplated under the New ZS Framework Agreement will not be prejudicial to the interests of the Company and the Shareholders:
Sample 1
INTERNAL CONTROL AND RISK MANAGEMENT MEASURES. The following internal control and risk management measures have been implemented in order to ensure and safeguard that the transactions contemplated under the 2016 Logistic Service Agreement will not be prejudicial to the interests of the Company and the Shareholders as a whole:
Sample 1
INTERNAL CONTROL AND RISK MANAGEMENT MEASURES. In order to safeguard the interests of the Company and the Shareholders as a whole, the Company will adopt, and will procure Haier Finance pursuant to the Financial Services Agreement to adopt, the following guidelines and principles in monitoring the transactions between the Group and Haier Finance, namely: • Haier Finance will ensure the safe and stable operation of the funds management information system, which has passed the security test in respect of the online commercial banking interface and has reached the national security standards for commercial banks; • Haier Finance guarantees that it will strictly comply and operate with risk management control specifications issued by the CBRC for finance companies. The gearing, liquidity and other ratios of Haier Finance should comply with the ratios specified by the CBRC and other PRC laws and regulations as amended from time to time; • Haier Finance shall provide the Company with, within three Business Days after its submission, a copy of every regulatory report it submits to CBRC; • the Company will report the transactions with Haier Finance together with other connected transactions of the Company to the independent non-executive Directors during each of the audit committee meetings (if necessary) according to the audit committee meeting agenda. The Company shall ensure that such kind of reportings shall be conducted not less than three times in a year; • the Company will require Haier Finance to appoint an independent accounting firm to audit the internal controls, risk management, completeness and impartiality of the operational system in respect of the transactions with the Group and to provide relevant risk management report and review and assess the internal control measures pursuant to the Financial Services Agreement on an annual basis. The management of the Company will timely report results of the review to the audit committee/independent non-executive Directors upon the occurrence of any material adverse events or changes; • Haier Finance shall provide its audited annual report to the Company in order to ensure the management of the Company understands the conditions of Haier Finance; • where Haier Finance misuses or defaults in using the deposits placed by the Group or in any other circumstances, is unable to repay the Group’s deposits, the Group will have a right to set off such deposits (including accrued interests) against the outstanding loans (including accrued interests) extended by Ha...
Sample 1

Related to INTERNAL CONTROL AND RISK MANAGEMENT MEASURES

  • Bilateral Safeguard Measures 1. Where, as a result of the reduction or elimination of a customs duty under this Agreement, any product originating in a Party is being imported into the territory of another Party in such increased quantities, in absolute terms or relative to domestic production, and under such conditions as to constitute a substantial cause of serious injury or threat thereof to the domestic industry of like or directly competitive products in the territory of the importing Party, the importing Party may take bilateral safeguard measures to the minimum extent necessary to remedy or prevent the injury, subject to the provisions of paragraphs 2 to 10.

  • Safeguards Monitoring and Reporting 8. The Borrower shall do the following or cause the Project Executing Agency to do the following:

  • Human and Financial Resources to Implement Safeguards Requirements 6. The Borrower shall make available necessary budgetary and human resources to fully implement the EMP and the RP.

  • Supervisory Control and Data Acquisition (SCADA) Capability The wind plant shall provide SCADA capability to transmit data and receive instructions from the ISO and/or the Connecting Transmission Owner for the Transmission District to which the wind generating plant will be interconnected, as applicable, to protect system reliability. The Connecting Transmission Owner for the Transmission District to which the wind generating plant will be interconnected and the wind plant Developer shall determine what SCADA information is essential for the proposed wind plant, taking into account the size of the plant and its characteristics, location, and importance in maintaining generation resource adequacy and transmission system reliability in its area.

  • Control and Monitoring Each Party shall provide or arrange for 24-hour control and monitoring of their portion of the Interconnection Facilities.

  • Input Control The possibility to subsequently verify and determine whether, and by whom, personal data was entered into, changed or removed from data processing systems must be ensured. • Definition of entry authorisation • Logging of logins

  • Safeguard Measures 1. The Parties note the multilateral negotiations pursuant to Article X of GATS on the question of emergency safeguard measures based on the principle of non- discrimination. Upon the conclusion of such multilateral negotiations, the Parties shall conduct a review for the purpose of discussing appropriate amendments to this Agreement so as to incorporate the results of such multilateral negotiations.

  • PERFORMANCE MONITORING AND REPORTING Performance indicators

  • Interim Measures 6.1 The Parties acknowledge that the British Columbia Claims Task Force made the following recommendation concerning interim measures:

  • Safety Measures Awarded vendor shall take all reasonable precautions for the safety of employees on the worksite, and shall erect and properly maintain all necessary safeguards for protection of workers and the public. Awarded vendor shall post warning signs against all hazards created by the operation and work in progress. Proper precautions shall be taken pursuant to state law and standard practices to protect workers, general public and existing structures from injury or damage.

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