MANAGEMENT
In managing its business activities and daily operations, PON has implemented a good risk management system in order to always be able to identify, analyze and implement risk mitigation strategies appropriately. This needs to be done to prevent or minimize the negative impact arising from any risks that may arise at any time.
The Company is continuously carrying out a thorough examination of all units and concluded several types of detected and significant risks to the business throughout 2019, such as:
Employee turnover
Crime and loss
Delayed arrival of raw materials
Product delivered late
Tax miscalculation
Accounting system error
Violation of government regulations
Decrease in Natural Gas supply
Power dip (failure)
Power black out (PJB Power Plant trip)
Spare parts not available (out of stock)
Lack of labor competence
Environmental pollution
Credit risk
Currency risk
Liquidity risk
Demurrage