Risk Governance

The company is aware of various risk factors in its operations amid the rapidly changing business environment, which may impact the company’s business objectives. Systematic risk management that is integrated with strategic planning and business plan, is a critical ongoing process undertaken by the company to control and mitigate risks as well as potential impacts on the organization.

Risk Management Policy and Plan

The company employs a risk management framework in accordance with the international standard of The Committee of Sponsoring Organizations of the Treadway Commission (COSO), which aligns with the principles of good corporate governance and supports the integration of risk management into the organizational culture.

Risk Management Structure

The company is well aware of the uncertainties that may arise from both internal and external business factors, including risks related to environmental, social, and governance (ESG) issues.

Therefore, the Board of Directors has appointed a “Risk Management and Sustainability Development Committee.”

The Risk Management and Sustainability Development Committee is responsible for setting the direction, policies for risk management, and sustainability development of the company to align with its strategies and business objectives. It aims to adequately and appropriately meet the expectations of all stakeholders, driving the organization to create value and achieve sustainable growth.

The structure of risk management is as follows:

Remark : The Risk Management Manager operates under the Department of Corporate Strategy and Sustainability Development.