Page 59 - Anual report STi 2022_eng

3. Roles and Responsibilities of the Risk Management operating the same business also use the method of

Committee motivating employees by giving more compensation.

● Establish a framework for operations and The Company is highly aware of the importance of
oversight of risk management across the organization under human resource management and therefore has established
the leadership of the chief executive officers. In the event that a risk prevention guideline as follows:
there are risk factors or important events that may have a ● Prepare a plan to continuously develop the potential
significant impact on the Company or the risk management of personnel both in terms of hard skills and soft skills.

policy across the organization is inappropriate with the ● Assign the Project Director group to be responsible
operating conditions, the Risk Management Committee must for selecting new employees and evaluating former

bring information from the management to report to the Board employees individually to see their strengths and weaknesses

of Directors for acknowledgment and jointly with the relevant in order to further develop their knowledge.
management team in order to make improvements as soon
as possible. ● Prepare a successor development plan for each
position and arrange for preparation to adjust the position to
● Assign the management team to implement a add in the missing part.
risk management system that covers the entire organization
and prepare risk guidelines. ● Regularly survey and improve employee compensation
to motivate and build morale at work to be able to prevent
● Ensure the accuracy, timeliness, and consistency the loss of talented personnel.
of enterprise-wide risk management information to the Board
of Directors and/or the Audit Committee. ● Build a network of alliances with professional
organizations and educational institutions in jointly developing
● Create a culture of risk awareness in the new generation of engineers and graduate students to prepare

organization. them for work and so that the group of companies can select
2.1 Risk Factors talented personnel to work with the Company.

2.2.1 Risks to the Company's Business
Risk From Mistakes in Performing Duties
Risk From Human Resource Management to Support Since management service business, construction
the Company's Growth
supervision, and design are businesses that require
Business operations provide administrative services, knowledge and experience in the work of engineers and

construction supervision and design work, which is a service architects in providing design services, consulting, planning
that requires people with knowledge, expertise, and work for the construction of various projects, the Company is
experience. Human resources are therefore very important therefore at risk in the event that the Company's personnel

to the business, both in terms of recruiting new employees, give advice or supervise the construction work incorrectly or
development of former employees, retaining employees to issue documents or any reports that are incomplete and
work continuously, or the development of new generations detrimental to the project. The Company may be sued by
of executives to take over from the previous generation of customers for damages and affect the reputation and image
executives to support the sustainable growth of the business of the Company.

in the future. Currently, with the competition in business, the
rise of new competitors and the market demand make the
recruitment or selection of competent personnel requires

incentives and increased competition. In addition, companies

Stonehenge Inter Public Company Limited 57