GLOBAL POWER SYNERGY PUBLIC COMPANY LIMITED
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The Risk Management Committee As of December 31, 2017, the Risk Management Committee comprises five members as follows. No.
Name - Surname
1. 2. 3. 4. 5.
Mr. Payungsak Chartsutipol Mr. Chansin Treenuchagron Mr. Supattanapong Punmeechaow Mr. Atikom Terbsiri Mr. Toemchai Bunnag
Position
Chairman (independent) Member Member Member Member
Mrs. Wanida Boonpiraks, Chief Financial Officer, is serving as the Secretary to the Risk Management Committee. Composition of the Risk Management Committee The Risk Management Committee shall be composed of at least three members, comprising both executive directors and independent directors. The term of each member is three years, and a vacating member is eligible for re-election. Roles and Responsibilities of the Risk Management Committee 1. To determine and review risk management policies and frameworks relevant to the business of GPSC 2. To oversee and support risk management operations to ensure correspondence with GPSC’s strategies and business goals as well as shifting situations 3. To provide recommendations for, monitor, and assess the Risk Management and Internal Control Committee (RMCC) (management level) for further implementation 4. To report results of risk management, offer opinions on potential risks, and offer recommendations on risk control and mitigation plans as well as the development of GPSC’s risk management system to RMCC on a regular basis to ensure efficiency 5. To ensure that GPSC has risk management plans, systems, or procedures to minimize potential impact on the business of GPSC, as well as monitor and assess the implementation of the risk management framework across the organization to ensure that adequate risk management has been put in place
6. Supervise and promote anti-corruption related risk management as well as assess corruption risks and review anti-corruption measures to ensure sufficiency and appropriateness 7. To support and develop risk management and related instruments at all levels across the organization as well as promote risk management as part of the organizational culture 8. To report risk management results to the Board of Directors. Should a factor or situation that may significantly affect GPSC arise, the Risk Management Committee must report it to the Board of Directors for acknowledgment and consideration immediately. 9. To convene at least one Risk Management Committee meeting per quarter 10. To fulfill any other obligations assigned by the Board of Directors