188
on health and the environment, investment, finance and commerce, laws and regulations. The mentioned factors shall be considered in formulating policies that enable the Company to effectively analyze, assess and monitor the risk management process before policies are proposed to the Board of Directors for approval. 3. Audit and ensure that the Company has sufficient, appropriate and effective risk management policies, and prepare the report of the Risk Management Committee for submission to the Board of Directors as deemed appropriate or requested. 4. Formulate risk management strategies that are in line with the corporate risk management policies approved by the Board of Directors, and analyze, assess and monitor the implementation of the risk management strategies and policies 5. Supervise and support enterprise wide risk management practice to achieve corporate success, encourage the management and employees to have risk awareness for each related factor and consider such factors when making decisions on resources utilization and other operations, and support the Risk Management Subcommittee and/or Risk Manager 6. Perform other tasks as assigned by the Board of Directors
Performance of the Risk Management Committee The Charter of Risk Management committee has determined the meeting should be held at 4 times. The Nomination and Remuneration Committee met 4 times in 2011 with the attendance of each member shown below:
Committee Members
Position
Number of attendance (Times)
Chairman
4/4
2. Mr. Thirasakdi Nathikanchanalab
Committee Member
4/4
3. Mr. Prasert Maekwatana
Committee Member
3/4
4. Mr. Sithichai Chaikriangkrai
Committee Member
2/4
5. Mrs. Thapanee Techajareonvikul(1)
Committee Member
0/2
6. Mr. Peter Emil Romhild
Committee Member
4/4
7. Mr. Somporn Bhumiwat
Committee Member
3/4
8. Mr. Pattaphong Iamsuro
Committee Member
4/4
9. Mr. Terapon Kietsuranon
Committee Member
4/4
10. Mr. Teera Werathamsathit
Committee Member
4/4
1. Mr. Aswin Techajareonvikul
Remarks
(1)
Mrs. Thapanee Techajareonvikul resigned from the position to Secretary of the Risk Management Committee with effective from 8 June, 2011 onwards.
6) The Management Board
To ensure that all operations move in the same direction and support the business policy, target, business plans and strategies assigned by the Board of Directors, the management has appointed the management team, comprising a top executive of each business unit and chaired by the President. The Management is responsible for managing all operations related to all business groups and directing the business according to the business policy, targets, plans and strategies. The Management is also responsible for the overall performance, expense control and investment as approved in the annual plan by the Board of Directors, implementing personnel management policy, solving problems or conflicts that may affect the Company and ensuring effective communications with related persons.