Managing Compliance risks

Determining, examining and reacting properly to business risks is essential to getting Roche’s business objectives, safeguarding the interests of stakeholders and meeting legal needs.

Controlling risk

The Roche Risk Management Policy sets out our method for controlling material risks – the chance that a celebration will occur and negatively modify the achievement of Roche’s objectives.

Risks are handled in your area where they arise where appropriate expertise exists to handle them. The road managers have the effect of making certain that effective internal controls have established yourself and appropriate action is taken to reply to them.

Therefore, watch unit and global function must conduct at least one time annually a danger assessment and develop systems for determining and controlling material risks. These risk plans are integral to the overall strategic business plans, which we review along with the risk management atmosphere in regular performance checks.

Group Risk Advisory yearly compiles and analyses a listing of major Group-wide risks. This analysis is released within the Group Risk Report and distributed for review towards the Corporate Executive Committee and also the Audit Committee from the Board of Company directors.

We still strenghten our business continuity management (BCM) to make sure that all of our sites respond effectively to catastrophic occasions and generate a minimum, acceptable degree of key items and services. An Organization BCM policy and guideline is within place, assisting a regular and aligned local implementation. We're presently moving the new BCM framework over the Group to make certain Roche’s procedures are resilient and competent to effectively reacting to major interruptions.

We aim to avoid situations where personal interests conflict, or perhaps seem to conflict, using the interests of Roche. If your conflict of great interest arises, the worker must immediately inform his/her line manager to locate a suitable solution.

Sustainability risks and possibilities

The Organization Sustainability Committee accounts for assessing social, environment and ethical risks, known to as ‘Business Sustainability Risks’. They are recognized through regular training courses including an array of employees, using their experience and expertise, in addition to stakeholder feedback, to recognize emerging risks.

In 2014, Roche enhanced its Business Sustainability Risk Assessment approach, which enables us to evaluate emerging risks yearly and also to integrate these into our existing Group Risk Management Process. By using this approach potential business sustainability risks were recognized from literature review, risk intelligence sources and training courses. All these risks were then evaluated by a specialist mix-functional team producing a narrow your search of 5 risks which have now been built-into our 2014 Group Risk Management Process.