Does the board describe its governance process around IT issues including disruption, cyber security, disaster recovery, to ensure that all key risks are identified, managed and reported to the board?
YES. IT governance includes continual assessment and review of IT Governance (Key IT Decisions, Structure, Policies & Standards), processes and procedures (including Hardware and Software components). IT risk assessment ensures that key IT risks & opportunities in the aspect of Governance, Cyber Security, Operational Technology and technology-enabled processes are identified, managed and reported to the Management and Board.
Our Information Technology (IT) Disaster Recovery Plan (DRP) ensures early restoration of critical IT and communication services and systems with the most up-to-date data available for the Company's business continuity. This includes detailed back-up and recovery procedures, responsibilities of a Disaster Recovery Team and emergency procurement, among others. The Company maintains back-up servers which are mirror servers of different locations.