Enterprise Risk Management Committee

The resolution was passed during Board of Directors' Meeting No. 10/2015 to establish Enterprise Risk Management Committee. The purpose of the Enterprise Risk Management Committee is to perform centralized oversight and policy setting of risk management activities and to provide communication to the Board of Directors regarding important risks and related risk management activities. Members of the Enterprise Risk Management Committee consist of 6 directors as follows:

Enterprise Risk Management Committee
Members during 2017
Position Title Number of Attendance
/ Number of Meetings
1. Mr. Weidt Nuchjalearn (1) Chairman of Enterprise Risk Management Committee (Independent Director) 2/2
2. Dr. Siri Ganjarerndee (2) Enterprise Risk Management Committee member (Independent Director) 4/4
3. Mr. Roland Pang Tze Vui Enterprise Risk Management Committee Member 4/4
4. Mr. Lee Chye Tek Lionel Enterprise Risk Management Committee Member 4/4
5. Mr. Lee Chye Cheng Adrian (3) Enterprise Risk Management Committee Member 4/4
6. Mr. Sataporn Amornvorapak Member and Secretary of Enterprise Risk Management Committee 4/4

Remarks:

(1) Mr. Weidt Nuchjalearn was appointed to be an independent director in the Annual General Meeting dated 24 April 2017 and he was appointed to take the position of “Chairman of Enterprise Risk Management Committee” by the Board of Directors which became effective since 6 June 2017.

(2) Dr. Siri Ganjarerndee was appointed to be an Enterprise Risk Management Committee member by the Board of Directors which became effective since 16 May 2017.

(3) Mr. Lee Chye Cheng Adrian was appointed as Chief Executive Officer by the Board of Directors meeting no. 2/2017 dated 24 February 2017 which became effective since 1 March 2017.

Mr. Sataporn Amornvorapak, Chief Finance Officer, is the secretary of Enterprise Risk Management Committee.

Scope of Authority, Duties, and Responsibilities of the Enterprise Risk Management Committee
  1. To review the risk management processes and mitigation measures including to review the business and compliance risk assessment plans adopted by the Management and propose to the Board of Directors by Chairman of the Enterprise Risk Management Committee.
  2. To take care of other duties as may be assigned by the Board of Directors.

The term of the Enterprise Risk Management Committee members, including the Chairman, shall be 3 (three) years which will coincide with their terms on the Board. Any retiring Enterprise Risk Management Committee member shall be eligible for re-appointment endlessly. In the event of the members of the Enterprise Risk Management Committee including the Chairman resigning/retiring before the expiry of their term, the vacancy will be filled at the discretion of the Enterprise Risk Management Committee and their successor will hold office for the remainder of the unexpired term of their predecessor on the Enterprise Risk Management Committee.