Risk Management Committee

Risk Management Committee

Name Position
1. Miss Boosaba Daorueng
Chairman
2. Mr. Phawit Chitrakorn
Member
3. Mr. Sompohb Budspawanich
Member
4. Mr. Fahmai Damrongchaitham
Member
5. Mrs. Kanokporn Sanawatana \1
Member
Mrs. Montana Thawaranont \2
Member
Mrs. Karnsuda Sansuthi \3
Member

 

\1 Mrs. Kanokporn Sanawatana was appointed the member of The Group Executive Committee, according to the resolution of the Board of Directors’ Meeting No.1/2021 ,held on January 12, 2021, effective on January 25, 2021.

\2 Mrs. Montana Thawaranont was terminated from being a Risk Management Committee due to retire on December 31, 2020.

\3 Mrs. Karnsuda Sansuthi resigned the member of The Group Executive Committee, effective from December 15, 2020 and resigned from being an employee of the Company effective from January 13, 2021.

 

Duties and Responsibilities of the Risk Management Committee

  1. Assessing and presenting policies, set risk management policy and framework and propose to the Board of Directors for approval.
  2. Examining and agreeing on acceptable risk levels, approve risk management plans and present to the Board of Directors.
  3. Continuously monitoring, develop and comply with policies and the risk management framework so the GRAMMY Group will have a risk management system that is uniformly effective throughout the organization to ensure that policies continue to be observed.
  4. Assessing risk identification and assessment procedures, report on significant risk management activities and enforce procedures to ensure that the organization has sufficient and appropriate risk management systems in place.
  5. Coordinating with the Audit Committee about significant risk factors and appoint an internal risk assessment team to ensure that the GRAMMY Group’s risk management system is appropriate to the exposure, adapted as needed and adopted throughout the organization.
  6. Continually reporting to the Board of Directors on significant risks and risk management solutions.
  7. Recommending and advising the Risk Management Committee and/or departments and/or the relevant working committees about significant risks about risk management, as well as evaluate the appropriate means to improve various databases that are related to the development of risk management solutions.
  8. Appointing Sub-Committees and/or additional related personnel, or replacements in the Risk Management Committee and/or the Department and/or the working team that is related to managing risks as necessary, as well as determine their roles and responsibilities in order to achieve the objectives.
  9. Executing other activities that pertain to managing risks as assigned by the Board of Directors.