Page 249 - PSTC - One Report 2023 (EN)

248
Power Solution Technologies Public Company Limited
1. Establishing the framework for risk management policies and overall risk management guidelines of the company, as well as developing the organizational risk management framework to present to the Board of Directors for consideration regarding the company’s overall risk management, which includes various significant risk types;
Strategic Risk
Operational Risk
Financial and Accounting Risk Compliance Risk
Information System Risk Anti-corruption Risk
2. Establish strategies for risk management that align with the risk management policies as well as the business strategies and directions of the company.
3. Ensure that the company has appropriate and efficient risk management policies, including monitoring, evaluating, and overseeing the risk management processes of the management team at an appropriate level and in accordance with the established policies.
4. Support and develop continuous risk management throughout the organization, aligning with international standards.
5. Report on various risk management outcomes and provide recommendations on necessary improvements to align with the established policies and strategies to the Board of Directors regularly.
6. Reviewed the Risk Management Committee charter to ensure that guidelines for performing duties are appropriate and in line with the current situation.
7. Organized an assessment of the performance of the Risk Management Committee for the year 2023 as a group assessment where the overall assessment result was at the “Very Good” level and individually assessment where the overall assessment result was at the “ Excellent “ level and the assessment results were reported to the Board of Directors for further evaluation and improving operational efficiency, as well as disclosing assessment results in Form 56-1, One Report/annual report.
In summary, the Risk Management Committee determined that the company had a risk management system that was sufficiently efficient to supervise key risks for the group and was appropriate for the company’s business operations and activities in 2023. The main departments of the company and each of its subsidiaries continually manage their risks in line with changing circumstances and at an acceptable level. It has also helped support the management of the organization and the business operations of the company and the group of companies to proceed as planned.
On behalf of the Risk Management Committee
Power Solution Techonology Public Company Limited
Mr.Tanadit Charoenchan
Chairman of the Risk Management Committee