Risk Management

Risk Management Policy and Procedures

The Risk Management Policy and Procedures and the Risk Management Committee of VSO were formed, adopted and governed by the Board of Directors in March 2023. The policy serves as the paramount guiding principle for risk management across all departments. The committee is directly accountable to the Board of Directors and once per year provides reports on the proactive implementation of risk management, identification of high-potential risks for the ensuing year, and corresponding mitigation measures. VSO has put it as a structured system for risk assessment and risk identification, ensuring rapid comprehension and response to risk-related disasters. This approach aims to minimize the adverse impact on the operations and its stakeholders in times of heightened risk.