The Company is dedicated to conducting its business with transparency, fairness, and ethical standards, systematically managing risks throughout the organization. It has clearly defined the structure, roles, and responsibilities associated with risk management.
The Board of Directors has prepared the second revised Good Corporate Governance Handbook to align with the 2017 Corporate Governance Code (CG Code)
of the Stock Exchange of Thailand and the Corporate Governance Guidelines for Listed Companies (CGR)
The Company has established a robust corporate governance policy, principles of good corporate governance, business ethics,
and a code of conduct for directors, executives, and employees.
Additionally, it has implemented practices and processes for corporate governance, regularly reviewing,
enhancing, and developing policies to ensure the Company maintains continuous good corporate governance and fosters confidence among all stakeholders.
Risk Management Culture
The company encourages employees to gain knowledge, understanding, and awareness of effective risk management to foster a positive attitude and clear understanding of the risks that may arise within the business. The company demonstrates its commitment to promoting an appropriate risk management culture and ensures its continuous implementation throughout the organization by:
- Risk management must be given priority from senior executives to all employees, supported by consistent and standardized practices across the organization.
- Implement effective risk management policies and processes, and communicate them clearly to all employees throughout the organization via various activities such as new employee orientation, training sessions, bulletin boards, and email communications.
- Embed risk management as an integral part of the organization’s internal work processes.
- Collect and assess potential events from both internal and external factors that could affect the organization’s ability to meet its established objectives.
- Establish the organization’s risk appetite to ensure the achievement of its objectives.
- Define risk assessment criteria using a Risk Matrix that reflects the evaluation of the likelihood and impact of significant risks.
- The company conducts both inherent risk assessments (before control measures) and residual risk assessments (after control measures), along with ongoing risk monitoring. Key Risk Indicators (KRIs) and trigger points are defined to provide early warning signals. Comprehensive risk management plans and operational procedures are in place to accurately track changes in risk levels and to continuously and effectively evaluate the organization’s risk management performance.
- The company has implemented a Business Continuity Management (BCM) system and an organization-level Business Continuity Plan (BCP) to address crises and ensure readiness for departments to respond to emergencies that could disrupt operations or hinder the continuity of services. These measures aim to mitigate potential impacts across multiple aspects of the business. The BCP is established as a strategic initiative and is subject to formal approval.
- The company conducts quarterly risk assessments and reports on risk management performance to the Audit Committee and the Board of Directors annually. This reporting process enables the review of the organization’s risk management operations and the identification of corrective measures to further enhance the effectiveness and comprehensiveness of enterprise risk management.
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