Peacock Solar

Corporate Risk Management Policy

Prepared by: Jay D Modi (HR4_PS)

Intern- HR Generalist
jaymodi.peacock@gmail.com
Purpose
 Risk is the chance of something happening, measured in
terms of probability and impact, that will affect the
achievement of business objectives. This definition
includes both the opportunity and the undesirable
consequence.
 Risk management is a structured and disciplined approach
to assessing and managing the uncertainties and
opportunities that Peacock Solar faces as it creates value.
 This Policy describes Peacock Solar’s risk management
principles and expectations applicable to all business
activities undertaken by or on behalf of Peacock Solar.
Policy Statement
 Peacock Solar believes risk taking is a necessary and
accepted part of our business. Effectively managing risk is a
competitive necessity and an integral part of creating
shareholder value through good business practices
designed to ensure that Peacock Solar achieves its strategic,
business and governance objectives, and protects its
corporate reputation, values and integrity. In the context of
realizing strategic objectives, failure is an accepted part of
risk taking as long as risks have been properly assessed and
managed.
Cont.
In alignment with the values and principles
embodied in Peacock Solar manual, this Corporate
Risk Management Policy commits all staff to
consistently apply risk assessment processes and to
take professionally assessed risks based upon high-
quality work.
Cont.
Risk Management Expectations:
 Risk management applies to and will be practiced as a part
of all of Peacock Solar business activities including that of
developing strategic plans, preparing operational plans and
budgets, completing detailed project approval requests,
designing and managing plans, making general decisions,
and as a part of other management systems. Peacock Solar
is committed to managing risks from the following
perspectives: financial risk, operational risk, business
environment risk, and organizational risk.
Cont.
 Risk will be qualitatively assessed, managed and
documented consistent with guidelines and tools
advocated by this Corporate Risk Management Policy and
other risk management policies and practices.
 Company will use market accepted analytical tools and
methodologies to quantitatively measure and evaluate risk
as and when desired.
Organizational Risk Management
Roles and Responsibilities
The Executive Team is responsible for:
 Endorsing, implementing, adopting and adhering to the
Policy.
 Overseeing development, administration and annual
review of this Policy for approval by the Chairman.

The Leadership Team is responsible for:

 Developing and implementing risk management policies,
practices, systems, controls and business continuity plans
specific to the Company which are aligned and
complementary to the Policy.
Cont.
 Reviewing adherence to the Policy and recommending
action to support adherence.
 Reporting any risks defined as extreme to the Executive
Team.
Thank you