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Raising Awareness of Risk Management  
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  FINANCE DEPARTMENT

Raising Awareness of Risk Management
 

Over the year, MAS continued to enhance its corporate risk management framework through refining existing initiatives, as well as developing and implementing new ones.

We held an inaugural Management Risk Day in October 2005, where we assessed the current environment and identified ten key risks that threaten MAS’ achievement of its vision, mission, objectives and business outcomes. Mitigating measures have since been developed to address these risks and will be implemented over 2006.

To raise staff’s awareness of risk issues, we launched a risk management portal to serve as a one-stop information kiosk on risk management matters. We also held regular information sharing sessions with staff to update them on risk management initiatives within the organisation. We will continue to build an environment where every staff member is aware of potential risks and makes an effort to manage them well.