Page 67 - Amata-one-report2020-en

BUSINESS OPERATION AND OPERATING RESULTS CORPORATE GOVERNANCE FINANCIAL STATEMENTS ENCLOSURES

Risk Management

Risk Management Plan and Policy

The Company’s Board of Directors and management at all levels recognize importance of effective risk management
as it can help the Company respond to the challenges and rapid changes of situations at the present and grow steadily
and sustainably. Therefore, the Company places importance on risk management to respond risks which impact to
attainment to the objectives and goals of the Company’s business operations, to reduce likelihood of risks or negative

impacts, and to acquire business opportunities to add value to the Company and the stakeholders as well as to build
risk management corporate culture for shared responsibilities to all employees of the Company.

The Company has defined the “Risk Management Policy” of Amata Group which specified that risk management
is responsibility of the employees at all levels and they must be aware of risks in chain value of the organization and in
operating procedures of their departments. Risks must be responded by applying suitable and adequate means in line
with the international risk management standards. There must be risk identification, analysis, assessment, prioritization,
and management. Risks must be controlled, monitored, evaluated, reported, reviewed, managed, and communicated
continually and constantly. Risk management system must be a part for making decision on planning strategy, work

plans and operations to make the Company achieve targets and goals of the planned strategies.

The Board of Directors has appointed and assigned the Risk Management Committee to supervise and manage
the Company’s risks by having duties to specify risk management strategies and guidelines which must conform to the
Company’s objectives, to consider enterprise risk, risk control measures, risk mitigation including risk appetite. This
Committee must monitor the enterprise risk management results and regularly present risk management strategy and
assessment to the Board of Directors.

• The Board of Directors has approved the appointment of new Risk Management Committee on August
14, 2020, consisting of Chairman of Audit Committee, Independent Director, Chief Marketing Officer,

Chief Investment Officer, Chief Engineering Officer and Senior Directors of Accounting and Tax Department,
Investment Relations Department, and Information Technology Department, including Senior Manager of
Enterprise Risk Management and Strategy Department.
• The Board of Directors has approved the Risk Management Committee Charter on August 14, 2020.

• The Board of Directors has approved the organizational restructuring by appointing the Enterprise Risk

Management and Strategy Department on August 14, 2020 to drive the operations on enterprise risk
management and also appointed Senior Manager of Enterprise Risk Management and Strategy Department
on September 1, 2020.

• In 2020, the Risk Management Committee held 2 meetings and appointed the new enterprise risk management
working groups comprising of 24 members on November 19, 2020. The working groups who are responsible
for projects in Vietnam, Myanmar and Lao have been additionally appointed to cover the overseas operations.

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